Articles on wage growth

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Failure to further strengthen the compulsory super system would be disadvantageous to many future retirees and be an added burden on a later generation of taxpayers. Shutterstock

Grattan on Friday: How ‘guaranteed’ is a rise in the superannuation guarantee?

Liberal senator Andrew Bragg is one of the Coalition backbenchers who oppose the scheduled superannuation guarantee rise to 12%. They are looking to the retirement incomes inquiry to leverage change.
As uncertain as 2019-20 is, The Conversation’s team of 20 leading economists are in broad agreement that the outlook isn’t good. Scott Morrison and Treasurer Josh Frydenberg will also have to deal with the unexpected. Wes Mountain/The Conversation

Buckle up. 2019-20 survey finds the economy weak and heading down, and that’s ahead of surprises

The Conversation's distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Things will continue to look good enough for long enough to help the government fight the election. Beyond that, the Conversation Economic Panel is worried. Wes Mountain/The Conversation

No surplus, no share market growth, no lift in wage growth. Economic survey points to bleaker times post-election

The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
Households feeling the pinch from frozen wages feeds into slower economic growth, and policymakers need to find a solution. Bacho/Shutterstock

This is what policymakers can and can’t do about low wage 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.
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth. Shutterstock

How rising inequality is stalling economies by crippling demand

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.
Having a bullhorn is nice, but workers need more to elevate their voices. AP Photo/David Goldman)

Here’s how workers would spend the corporate tax cut – if they had a voice

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.
Simon Birmingham said the Turnbull government has ‘already had great success in terms of reducing the rate of price growth’. AAP/Alex Murray

FactCheck: what are the facts on rising child care prices?

The education minister says that under Labor there were child care price spikes of up to 14% over a 12 month period, but under the Coalition those have fallen to "around 6% on average". Is that right?
Labor’s Chris Bowen says Australian workers are doing it tough. AAP Image/Tracey Nearmy

FactCheck: is wage growth at record lows?

Shadow treasurer Chris Bowen said Australian wages growth is at record lows. Is that true?

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