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Articles on wage growth

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Wes Mountain/The Conversation

Top economists say cutting immigration is no way to boost wages

Only five of the 56 economists surveyed believed lower immigration would boost wage growth. The rest backed measures to lift productivity and investment and changes that boosted the power of unions.
The forecast for Australia’s economic growth in 2019-20 has been cut by 0.25%, and the projected surplus for this financial year slashed by A$2.1 billion. The Conversation

Politics with Michelle Grattan: Mathias Cormann and Jim Chalmers on the mid-year budget update

Politics with Michelle Grattan: Mathias Cormann and Jim Chalmers on the mid-year budget update. The Conversation, CC BY29.7 MB (download)
The figures indicate a worsening economy, but the government has sought to put a positive spin on the situation, saying the Australian economy is showing resilience.
The update has slashed growth and surplus forecasts, as the economy is buffeted by global and domestic pressures. Lukas Coch/AAP

Lower growth, tiny surplus in MYEFO budget update

The projected surplus has been revised down from A$7.1 billion at budget time to $5 billion for this financial year.

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