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.
Academic rigour, journalistic flair
Articles on Wage stagnation
Displaying all articles
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
-
Professor Emeritus, Griffith Business School, Griffith University
-
Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney
-
Professor of Economics, UNSW Sydney
-
Lecturer of international trade law, Monash Business School, Monash University
-
Lecturer in Economics, Bachelor of International Business, Monash Business School, Monash University
-
Professor of Political Economy, The University of Queensland
-
Michael Keating is a Friend of The Conversation.
Visiting Fellow, College of Business & Economics, Australian National University
