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Economy

Has the minimum wage been growing at a faster rate than inflation?

Josh Frydenberg told the ABC's Q&A that the minimum wage has been growing at a faster rate than inflation and the average wage. Is he correct?

National Australia Bank chairmain Phil Chronican (Image: AAP/Lukas Coch)

Interest rates decision down to the wire as NAB pleads profit

Major banks increased interest rates because their borrowing costs went up -- but left them there when costs went back down again. Now NAB is complaining an interest rate cut will hurt its profits.

Google Australia is unprecedented in how it will impact tax and media

Of Google's $4.3 billion in revenue, $3.7 billion is from advertising. That makes it a true monster of hitherto unseen size in the Australian media landscape.

(Image: Unsplash/Brad Helmink)

The media has failed spectacularly on climate change

The media's coverage of climate change in the election campaign has reflected the Coalition's long-term strategy of denialism, rather than a desire for genuine scrutiny.

The Reserve Bank has failed to keep inflation in check

The RBA continues to fail to do what it is supposed to: keep inflation in the target range.

(Image: AAP/Lukas Coch)

The plot twist few saw coming in the 'rate cut looms' drama

The Reserve Bank has been watching unemployment closely to decide if interest rates needed to be cut. But now, inflation has thrown a spanner in the works by falling in the March quarter, reflecting a weakening economy.

Labor's 'referendum on wages' off to a tepid start

Labor says the election will be a referendum on wages, but so far has proposed little that will make a material difference for workers stuck with stagnant incomes.

Barnaby Joyce (Image: AAP/Lukas Coch)

Watergate scandal isn't corruption — it's how Australian capitalism works

The "watergate" scandal around the purchase of water from a politically-connected tax exile isn't atypical of Australian capitalism — it's the model for much of Australian business.

(Image: Unsplash/Breno Assis)

Is a great wave going to swamp Australia's housing market?

With a small but growing percentage of homeowners owing banks sums greater than the value of their homes, what are the looming risks to the economy?

Australians deserve an economic debate of substance, not dogma

Groundbreaking economist Alan Krueger, adviser to two US presidents, died last month — but his work lives on in local debates about minimum wage and inequality.