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.
April 2024
Wages growth in enterprise agreements provides no reasons for worry about inflation
Wage growth in enterprise agreements is at a level completely compatible with long-term inflation targets
Investing in a renewable manufacturing industry is vital for Australia’s living standards (and climate)
Australia’s economy is less an advanced economy than it is a petrostate style simple economy. That needs to change
February 2024
Real wages are finally growing! But they have a long way to go
Let us celebrate real wages rising, but not forget how far we have to go.
January 2024
Wages continue to reduce inflationary pressures
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.
November 2023
Real wages to take over a decade to recover
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 deliver strong wage growth – which is why employers hate them
Enterprise agreements lodged in the past 3 months have helped recover some lost income for workers.
October 2023
Stronger Wage Growth improves the Economy and the Budget
Stronger wage growth will deliver more money to workers and also improve the budget position buy delivering more tax revenue
Enterprise agreements showing the value of bargaining
Enterprise agreements are now delivering strong wage growth and good outcomes for workers.
..September 2023
Starting to see some signs of stronger wage growth from enterprise agreements
Some recent strong wage growth in enterprise agreements bodes well for workers
A record number of Australians are now working more than one job to make ends meet
In the past year the number of people working more than one job has risen 7%.
August 2023
Enterprise agreements data shows wage growth remains steady despite some solid increases
The average wage growth in enterprise agreements shows that workers continue to see their real wages fall.
Good to see real wages no longer falling, but we have a long way to go
It is now 3 years since real wages have increased
Wage growth in Enterprise Agreements remains steady
The latest figures of wage growth in enterprise agreements show that wages continue to grow by much less than inflation
Despite what employers say, workers are not being rewarded for productivity growth
Employers says wages should rise in line with productivity, but they do all they can to prevent that happening.
July 2023
Workers Cause Inflation, but Owners Don’t?
Any time wages are increased business groups say it will fuel inflation, but they say nothing about the impact of their massive dividends
June 2023
New enterprise agreement data shows more evidence that wages are not driving inflation
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
The number of people working multiple jobs hits another record
For the sixth consecutive quarter a record number of people are working more than one job
OECD confirms that inflation has been mostly driven by corporate profits
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
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
Curated by
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
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