Off the Charts // Centre for Future Work
A picture tells a thousand words and Off the Charts is where you’ll find the charts and graphs that tell the most interesting stories. Across all the areas the Australia Institute covers, we give you the pictures that help you understand what is really going on in the world.
May 2023
HECS/HELP debt for low income earners is set to increase due to indexation
The indexation of HECS/HELP debt this year will leave people earning less than $62,000 with a bigger debt even after their repayments.
The RBA raised rates in March and May despite its own analysis saying they were not needed
The Reserve Bank’s own research showed that raising rates after February would only increase unemployment, not lower inflation
Surging mining sector profits are distorting Australia’s economy.
Profits in the mining sector are surging, but output is not – and the increased prices come at a cost to the rest of the economy
Lower inflation but lower wages – the RBA predicts lower real wages
By the middle of 2025 the average wage will be worth less in real terms than it was a decade and half earlier
The latest enterprise agreements show public sector workers are being hurt by wage caps
Stronger wage growth in the private sector is good news, but public sector workers continue to be left behind
It’s not just mining – non-mining profits have also driven inflation
As the Reserve Bank continues to raise rates, it continues to misread the nature of inflation that is being driven largely by profits.
March 2023
925,000 are now working more than one job
The rising cost of living and falling real wages has seen the number of people working more than one job surge in the past 2 years.
February 2023
Wages rising slower than expected as profits continue to drive inflation
With public sector wages dragging down wage growth and private sector wages rising slower than expected, it is clear Reserve Bank needs to pause its run of rate rises
The destruction of real wages will take a long time to recover
The Reserve Bank now predicts real wages will being to recover from the start of next year, but will take many years to recover
The Reserve Bank has delivered a massive credit crunch
The 300 basis point increase in the cash rates has delivered one of the biggest falls in lending ever seen. The risk of a recession to follow cannot be ignored
December 2022
The latest figures from the Fair Work Commission suggest no sign of a wages-prices spiral
The average annual wage growth in enterprise agreements not only remains well below inflation, it shows little sigh of increasing.
A Record Interest Shock Hitting Australian Households
The past 6 months has seen a record rise in the amount of interest households are having to pay
Nearly 900,000 people are working more than one job
As wages fail to keep up with inflation a record number of poeple are having to work more than one job to get by
November 2022
Stronger wages growth from enterprise agreements, strongest from unions
The latest wage rises from enterprise agreements show good improvement, but overall, workers continue to see their wages lag behind inflation
October 2022
Rental prices are going up fast across Australia
People around Australia have been seeing the advertised prices of rents increasing, now the inflation figures are catching up.
The Budget shows the big hole in Real Wages
The Government acknowledges the need to get wages growing again, but the budget reveals just how big the task is
Worrying signs of weak wages growth
After the Stage 3 tax cuts only the top 10% highest paying occupations will be better off
The Stage 3 tax cuts will only balance out the tax increase from the end of the low-middle income tax offset for those earning above $97,000
Low and middle income earners about to be hit with a massive tax increase
The end of the Low-Middle Income Tax Offset will deliver a tax increase of up to $1,500 for people earning under $90,000 – a 3% tax rise for someone on $50,000
September 2022
A record number of people are working more than one job
The past 2 years has seen a surge in the number of people working multiple jobs
August 2022
Jobs in air transport remain down even as Australians get back travelling
The lack of workers is the major reason for the flight delays and airport wait-times. People are back travelling, but the air travel workers are not.
Curated by
Off the Charts is curated by the Centre for Future Work’s Labour market and Fiscal policy director Greg Jericho.
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