The Reserve Bank is worried about falling productivity levels,but a former senior RBA official says the worry may be misplaced.
One-off factors and a tight jobs market have pushed annual wages growth to 4 per cent. But experts believe this may be as good as it gets for most Australians.
Coal-fired power stations have delivered high incomes to workers for decades. Their end will hurt their communities and workers,a new report says.
The price tag,which came without detail,provides an assessment of the likely cost of Labor’s decision to abolish the Coalition’s cap on wage growth for public sector workers.
Productivity Commission research has found Australians are paying a huge price for the drop-off in productivity that has swept the world over the past 25 years.
The billionaire property developer Tim Gurner has caused a global stir with his call for economic pain. But would his prescription heal the patient?
The nation’s biggest lender tips interest rates will fall a full percentage point in the next year to offset the hit being felt by consumers struggling to make ends meet.
Soaring interest rates and inflation are contributing to a cost of living crisis leaving young Australians feeling under the weather.
Premier Chris Minns’ announcement that the public sector wage cap will be scrapped in September fulfils a key Labor election promise,but NSW is really none the wiser as to how he intends to pay the $618 million cost.
While nurses,cops and firefighters continue their protracted fight for better pay and conditions state politicians will receive extra cash in their pockets from July 1.
After believing for years that what an economy did – be it in trade,services or industry – “did not matter” so long as it grew,the White House now says this way of thinking was wrong.