77% of the benefits of the Stage 3 tax cuts will go to the richest 25%
When you count earnings per waged hours it is very clear that real wages have not kept up with productivity
Average annual earnings growth slowed over the past 6 months while real average earnings plummeted
Underutilisation is at 40 year lows; wages are not even at 10 year highs
In the past year real wages fell so far they are now back to 2012 levels.
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.
Off the Charts is curated by the Centre for Future Work’s Labour market and Fiscal policy director Greg Jericho.
Tanya Martin Executive Assistant
Jake Wishart Senior Media Adviser