Another quarter, and more bad news for Australia's private sector workers with wage stagnation continuing.
Good morning, early birds. The Prime Minister says he would like religious schools to be able to hire and fire staff according to their personal beliefs. Plus, Ray Hadley says sorry. It's the news you need to know, with Chris Woods.
US economists and policymakers are sufficiently concerned about wage stagnation to investigate the impact of corporate power. Meantime, here it's a chorus of Pollyannas.
Wage stagnation for Australian workers continued in the June quarter, with private sector employees falling behind inflation. It's become a hallmark of this Coalition government.
Another bad wages growth number shows Australian workers struggling to keep ahead of inflation, and in some major sectors, going backwards, Glenn Dyer and Bernard Keane write.
RBA governor Philip Lowe still insists growth will appear but it will take a long time.
Wages growth -- long forecast to lift this financial year -- remains stuck at 2%, giving the lie to Treasury and RBA forecasts, Glenn Dyer and Bernard Keane write.
Wages growth is so low it is underperforming budget forecasts, which is bad news for the budget -- and the BHP result will add to Treasurer Scott Morrison's woes, Bernard Keane and Glenn Dyer write.
Employment growth is clearly weakening again even as wage growth continues to plumb new lows. It all points to the RBA considering another rate cut, Glenn Dyer and Bernard Keane write.