Wages are up! And, why non-compete clauses are bad for the economy
Wages are up over the past year, for the first time since 2021! Which means your real wage has increased as well, but by a small amount. Also this week, the Bureau of Statistics looked at restraint clauses, or non-compete clauses. So what do they mean for workers, and the economy as a whole? Lower wages, funnily enough.
Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia.
In Dollars & Sense, each week, Greg Jericho will dive into the latest economic figures, and explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.
Recorded on Thursday 22nd February 2024. Follow us on Twitter and Instagram or visit our website.
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Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work
Producer: Jennifer Macey
Theme Music: Blue Dot Sessions
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