Let us celebrate real wages rising, but not forget how far we have to go.
The latest enterprise agreements figures show that wages continue to grow in line with long-term inflation targets, and that wages continue to provide a dampening impact on inflation.
The RBA now expects real wages to grow much slower than they were predicting in August, and it means it will take many more years to recover what has been lost in the past three....
Enterprise agreements lodged in the past 3 months have helped recover some lost income for workers.
Stronger wage growth will deliver more money to workers and also improve the budget position buy delivering more tax revenue
Enterprise agreements are now delivering strong wage growth and good outcomes for workers...
Some recent strong wage growth in enterprise agreements bodes well for workers
In the past year the number of people working more than one job has risen 7%.
The average wage growth in enterprise agreements shows that workers continue to see their real wages fall.
It is now 3 years since real wages have increased
The latest figures of wage growth in enterprise agreements show that wages continue to grow by much less than inflation
Employers says wages should rise in line with productivity, but they do all they can to prevent that happening.
Any time wages are increased business groups say it will fuel inflation, but they say nothing about the impact of their massive dividends
The latest data on Enterprise Bargaining Agreement highlights that wage remains very much within levels that are consistent with the Reserve Bank’s inflation target
For the sixth consecutive quarter a record number of people are working more than one job
In the debate over what is driving inflation – the OECD has looked at 15 nations across the world and found that in Australia and most other nations, the answer is profits
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 Reserve Bank’s own research showed that raising rates after February would only increase unemployment, not lower inflation
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
By the middle of 2025 the average wage will be worth less in real terms than it was a decade and half earlier
Stronger wage growth in the private sector is good news, but public sector workers continue to be left behind
As the Reserve Bank continues to raise rates, it continues to misread the nature of inflation that is being driven largely by profits.
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.
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 Reserve Bank now predicts real wages will being to recover from the start of next year, but will take many years to recover
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
The average annual wage growth in enterprise agreements not only remains well below inflation, it shows little sigh of increasing.
The past 6 months has seen a record rise in the amount of interest households are having to pay
As wages fail to keep up with inflation a record number of poeple are having to work more than one job to get by
The latest wage rises from enterprise agreements show good improvement, but overall, workers continue to see their wages lag behind inflation
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
Emily Bird Office Manager
Luciana Lawe Davies Media Adviser