Despite the refrain that our industrial relations system is too inflexible, employers have found plenty of flexibility to cut wages during the pandemic.
Despite the government's claims that wages growth is picking up, it fell in the December quarter. Scott Morrison's 'quiet Australians' face years of minimal pay increases.
The fact that the RBA has cut rates for a third time tells us the bank is not very confident that the first two cuts will have much impact soon, if at all.
Wage Price Index data for the March quarter show wages going nowhere except in health and education — a reflection of the government's policy of wage stagnation.
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.