Labour’s share of national income has declined since the 1970s, but there is no sense of any permanent trend.
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Articles on Wage stagnation
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The Albanese government cannot deliver on its promise to life wages for low-paid care work without expanding multi-employer agreements.
Dark warnings about rising labour costs ignore the importance of profits in driving higher prices.
The Fair Work Commission has granted a pay increase to Australia’s lowest-paid workers for a good reason. Even with rising inflation, the economy is strong.
After decades of research showing the link between union power and wages growth, government economists don’t want to talk about it.
Australia’s unemployment rate may have to fall much more before we see any wages growth.
Governments can’t undo the technological changes behind frozen wages and rising inequality. The best policy is to invest in education and training to give workers skills of value in the new economy.
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
Smaller Australian businesses are more productive than larger ones, but have disproportionately low levels of exports and wages.
Top contributors
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Laurie Carmichael Distinguished Research Fellow at the Centre for Future Work, and Professor Emeritus, Griffith Business School, Griffith University
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Professor of Economics, The University of Western Australia
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Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney
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Professor of Economics, Dean of UWA Business School, The University of Western Australia
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Professor of Economics, UNSW Sydney
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Policy Director, Centre for Future Work at the Australia Institute and Adjunct Principal Research Fellow, RMIT University
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Lecturer of international trade law, Monash Business School, Monash University
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Lecturer in Economics, Bachelor of International Business, Monash Business School, Monash University
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Professor of Political Economy, The University of Queensland
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Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
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Michael Keating is a Friend of The Conversation.
Visiting Fellow, College of Business & Economics, Australian National University
