Reserve Bank of Australia governor Philip Lowe addressing a forum on wages and productivity.
Reserve Bank of Australia governor Philip Lowe has effectively ruled out an interest rate rise until wage growth tops 3%.
Two experts argue for and against government intervention when it comes to fixing low wage growth.
Photo by Willem De Meyer on Unsplash
Brexit could erode workers’ wages and conditions, particularly if the British government deregulates employment laws and undercuts EU standards.
Labor laws are often based on how we worked decades ago.
AP Photo/Richard Sheinwald
Hundreds of court cases show that companies are using features of timekeeping software to shortchange workers, a few minutes at a time.
Arbitration trials don’t always result in equal justice.
The court narrowly ruled that employees who sign arbitration agreements can't bring class action suits over unpaid wages.
The RBA argues that it needs to balance financial stability risks against the need to stimulate the economy through lower interest rates. But this has left inflation running below its target range.
If the RBA continues to sacrifice its inflation target on the altar of financial stability risks, inflation expectations and our wages growth will continue to languish.
AP Photo/Danny Johnston
The unemployment rate is now at its lowest level in 17 years and is very close to a 50-year low. Does that mean we're at full employment?
Large companies control 88% of the agricultural export market.
Smaller Australian businesses are more productive than larger ones, but have disproportionately low levels of exports and wages.
The key reason for the squeeze on household spending and saving is of course the ongoing weakness in the growth rate of household disposable income.
The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
One of the paradoxes of wage policy is that ultimately governments are held responsible and blamed for poor results, but governments are but one player in a complex system of wage adjustment.
History tells us governments do not always get what they wish for, and in fact often perverse outcomes flow from policy choices.
Australian Chamber of Commerce and Industry chief executive James Pearson, speaking on Q&A.
On Q&A, Australian Chamber of Commerce and Industry chief executive James Pearson said almost 60% of small business owners in Australia are paid $50,000 or less. Is that right?
As ACTU secretary, Sally McManus has proven effective at elevating the debate over workplace reform.
Even with the most favourable laws, unions will still need to confront the reality of a dramatic transformation in the world of work.
In Australia, wage growth is lagging productivity growth across most sectors of the economy.
The productivity gains businesses get some automating some jobs, aren't being passed on to workers in higher wages, evidence shows.
President Donald Trump delivers his State of the Union address to a joint session of Congress.
Trump touted his administration's economic successes and laid out his immigration plan in an 80-minute speech to Congress. Our experts weigh in.
Having a bullhorn is nice, but workers need more to elevate their voices.
AP Photo/David Goldman)
Although over 200 CEOs have promised to share windfalls from the recent tax cut with their employers – something the president is likely to bring up in the State of the Union – research suggests workers aren't holding their breath.
Slightly more optimistic economic figures gives Scott Morrison and the Turnbull government a boost heading into 2018, as the charts explain.
Lukas Coch/AAP and The Conversation
Seven charts on the highlights from the government's mid year update of the budget.
Retail Food Group (RFG) Managing Director Andre Nell (right) and Chairman Colin Archer. The company has been the focus of the latest investigation into franchise problems.
There are some hallmark problems within franchising in Australia and internationally and not all are within the franchisor's or franchisees' control to fix.
Politicians like Malcolm Turnbull try to target middle class Australians.
Use our calculator to work out whether you're an "average" Australian where you live.
Post-war Australia experienced a boom with full employment and falling inequality.
State Library of Queensland
The federal government could restore its commitment to creating full employment in Australia, using its spending power to make up for any shortfall in private jobs as it did during the post-war boom.
Treasurer Scott Morrison is eager to point out jobs growth, but wages growth remains stubbornly slow.
The narrative that Australia has "transitioned from the mining boom successfully" seems a lot like wishful thinking.