When the central bank governors and finance ministers from the G20 agreed in February to increase growth by at least two percentage points over the next five years, they fell short of delivering a common…
Counting your blessings. A worker at a chocolate factory in Germany.
Jan Woitas/EPA
Germany’s strategy for export-led growth has set the Eurozone up for a fall. Plans to introduce minimum wages in 2015 might be too little too late for European countries locked in a futile game of beggar-thy-workforce…
Draghi and Merkel, in happier times.
Hannibal Hanschke/EPA
We are in a new phase of the post-crisis world. Growth is disappointing with Italy in recession, France close to it, and even Germany lagging. It is a useful reminder that recovery in a debt-overhang economy…
The argument that strong employment rights are incompatible with economic growth has long exerted a strong influence on the minds of politicians. The relentless economic difficulties in the EU since 2008…
Public concerns over levels of CEO pay – especially in the banking sector – have triggered a debate on both sides of the Atlantic. These worries are anything but unfounded, but solutions are too often…
Even Angela Merkel now seems to agree that austerity has run its course. When Italy’s prime minister, Matteo Renzi, together with other European leaders, led a fresh charge against the ill-fated policy…
The financial struggles of a large number of African footballers earning wages at poverty levels in their home countries is an issue easily lost amid the high salaries and glamorous lifestyles of most…
A 2% rise next year instead? You have my word.
Rui Vieira/PA
The government’s decision to reject the recommended 1% rise in NHS salaries has been met with “contempt” by the unions. The issue of public sector pay has become highly contentious, with each side arguing…
Cold steel: George Osborne visits JCB’s factory in Staffordshire.
Rui Vieira/PA
George Osborne promised Britain a “march of the makers” – but as yet, there is little sign that a resurgence of manufacturing is helping the economy to rebalance. It would be naïve to assume that manufacturing…
In some industries, youth wages are still linked to a worker’s age, rather than one’s skill.
AAP
The Fair Work Commission is currently considering an application for 20-year-olds working in retail to receive 100% of the adult wage, instead of the 90% they currently receive. The direct impact of the…
The health and finance sectors have the largest gender wage gaps, of more than 30%.
Jerry Bunkers
Equal pay was, and still is, one of the key demands of feminists. Basic to any idea of gender equity should be that paid work is fairly rewarded, whether it’s undertaken by a male or female. In early Australian…
Younger Australians are less likely to benefit from a rise in the compulsory super contribution.
AAP
Of the many policy debates in Federal Parliament in 2011, one which gathered support from both major parties was the proposal to lift the superannuation guarantee employer contribution from 9% to 12…
Wage growth and wage expectations have taken a downward turn.
Flickr/HoskingIndustries
Wage growth has slowed in the last quarter, with pay rising at just 2.9% over the last 12 months to August, down from 5.1% in the 12 months to May, a new survey shows. The survey of 1200 households, conducted…