Adjusted for inflation, Australians are being paid less than they were in 2020. These 4 charts show what’s changed in how we work – and the growing gap between your pay and what you can afford to buy.
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Articles on Wages
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Unless we boost productivity, wages growth could sink back to 2-3%. The Productivity Commission has some good solutions – and we’d argue redesigning the Stage 3 tax cuts should be on the list too.
Change and communication across the food supply chain will help stop prices from rising further.
My research shows that UK price rises are likely to have been caused by high profits, falling wages and weak production over decades
From the late 1960s to the early 1980s, more unionised workforces from Europe to Aotearoa New Zealand fought hard to keep wages abreast with inflation. But it’s unlikely that could happen now.
The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Investment in UK childcare should go towards better pay and conditions for workers. This could also help increase availability and affordability for parents.
Concerns about the credibility of pay review bodies could boost collective bargaining on worker pay.
A four-day week boosts productivity and employee wellbeing, but it should be carefully planned and tailored to individual company needs.
Summing up the gender pay gap in one number hides how inequality affects different groups of women.
For average Australians, the stagnation of real wages has been the most tangible manifestation of the failure of neoliberalism. Yet “wages” are only mentioned four times in Chalmers’ Monthly essay.
Teacher wages have risen little over the past few decades when adjusted for inflation.
Recent price rises are not due to higher wages but supply-side issues including the war in Ukraine, the COVID pandemic and Brexit.
South Africa’s world-leading wage inequality has as much to do with what bosses are doing as it does with how educated or experienced workers are.
Manufacturing firms exposed to increased Chinese competition employed fewer female production workers than men.
With real wages in many countries having been stagnant for years, the inflation surge has brought unions back to life.
A new historical study looking at migration into the US suggests restricting low-skilled immigration boosts low-skilled wages in the short term – but ends up hurting local workers’ wages longer-term.
Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
For more than a decade, employers have strung out negotiations or let agreements expire. Known as “zombie agreements”, those deals mean too many Australians are living with wages frozen in the past.
Workers still need to approve the deal, which was brokered by President Biden in 20 hours of last-minute negotiations.
Top contributors
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Professorial Fellow, University of Canberra
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Professor of Economics, UNSW Sydney
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Management, Co-Director of the MIT Sloan Institute for Work and Employment Research, MIT Sloan School of Management
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor of Economics and Political Economy, University of Leeds
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Economist at Centre of Policy Studies, Victoria University
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Vice-Chancellor’s Fellow, University of Tasmania
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Professor of Law, The University of Texas at Austin
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Associate Professor of Markets, Public Policy and Law, Boston University
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Pro Vice-Chancellor: Climate, Sustainability and Inequality and Director: Southern Centre for Inequality Studies., University of the Witwatersrand
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Professor of Economics, Manchester Metropolitan University
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Professor of Economics and Director, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor in the Department of Economics, UCL
