It’s simplistic to say we’re all going backwards,but this decade’s inflation has dealt a hefty blow to our spending power. There is,however,a path to sustainable wage growth.
The December inflation figures showed prices increased by a full percentage point,taking the annual rate to 3.8 per cent. Chalmers admitted it was “higher than anyone would like”.
Women can apply for up to $5000 to support their return-to-work efforts,with the first grants to target those who have been unemployed for more than six months.
Everyone from yoga instructors to laundromat workers are finding their work contracts contain non-compete clauses,described as agreements people would expect “Cold War spies” to sign.
Anthony Albanese is holding a three-day talkfest next month to find ways to lift productivity levels. Ken Henry says poor productivity has already cost Australians $500,000.
By several measures Australia is sitting in a sweet spot relative to many – if not most – other countries.
The cash-strapped and debt-laden state government is about to be hit with big wage claim by underpaid and fired-up public school teachers.
Despite his salary increasing,Anthony Albanese is outranked by some senior Australian office holders,but he is still among the best-paid world leaders.
Workers are about to get a bump in their super contributions. But it may come at the expense of the pay rise they didn’t get.
In a two-speed housing market,some home owners made higher paper capital gains over the past year compared to their salary.