One’s based on average earnings growth, the other on living standards.
Nick Ansell/PA Wire/PA Images
Crucially, they differ in how they are calculated and the ages of workers that they apply to.
The treasurer referred to the A$13 billion “zombie” measures the Senate has failed to pass as a “Senate tax”, in justifying the tax increases in this budget.
The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
Labour leader Jeremy Corbyn claims they do. Two academics assessed the facts.
Wealth inequality is no 21st-century phenomenon. But it was decisively shaped by public policy during the last 100 years as economies emerged from war and redesigned the structures for life.
Yes, it makes the world go ‘round.
There are economic arguments to be had for ensuring an appropriate rate of growth of real wages.
Data shows immigration has a negligible effect on the labour market.
Economic arguments against immigration often rest on simplistic arguments of supply and demand. The data show immigration has a negligible effect on wages, employment or hours worked.
A Canberra barista makes coffee. Many low-paid workers will be affected by the Fair Work Commission’s decision on penalty rates.
The government has a major headache on its hands with the proposed cuts to penalty rates, which could haunt it all the way to the next election.
The Statue of Liberty has been a welcoming sight for immigrants for decades.
Susan Ragan/AP Photo
Trump's plans to build a wall with Mexico and deport millions of people in the US illegally cast immigrants as an economic threat to Americans. The evidence suggests otherwise.
Prime Minister Malcolm Turnbull used part of his address to the national press club to sell the company tax cut.
The federal government is still trying to convince senate crossbenchers to pass a company tax cut but tax experts and economists dispute all of its supposed benefits.
Why isn’t new technology reflected in our productivity stats?
Since the 1990s productivity has been slowing in Australia and elsewhere. We aren't really sure why this is, but here are a couple of theories that could explain it.
Timekeeping laws still refer to the forgone days of punch cards and time clocks.
Time clock via www.shutterstock.com
If you think the hours you work are all converted directly into dollars, think again. There are a lot of ways employers can manipulate your time – some of which are legal, others highly questionable.
Treasurer Scott Morrison is also a fan of charts.
Economist Ross Guest unpacks some of the key numbers in the government's mid year budget update, with seven charts.
Job seekers wait for employers searching for casual labour on the streets of Cape Town.
South Africa's proposed national minimum wage must not be seen as a solution for all the country's economic problems but as a floor to protect the most vulnerable workers.
Labor’s Chris Bowen says Australian workers are doing it tough.
AAP Image/Tracey Nearmy
Shadow treasurer Chris Bowen said Australian wages growth is at record lows. Is that true?
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
Business Briefing: what to do about low incomes.
The Conversation 10 MB (download)
Australia needs to increase productivity in different ways because at the moment living standards are low compared to past years.
Research shows that Roma and other EU migrants don't come to the UK for state benefits.
Want to know how your salary jar stacks up?
Money jars via www.shutterstock.com
Pay transparency laws are the latest effort to eliminate the still-yawning gap between the salaries of men and women. Do they work?
Wage growth is at its lowest since the measures began.
Image sourced from www.shutterstock.com
Australia's wage growth has been sluggish, but the reasons are more complex than they seem.
Was Anthony Albanese right about truck driver pay and safety?
AAP Image/Joel Carrett
Was Shadow Minister for Infrastructure and Transport, Anthony Albanese, right to say that evidence shows better pay for truck drivers will improve safety?