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.
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 Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
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