wage growth

An open wallet showing Australia 10 and 20 dollar bills

True wages growth, and true price growth, is probably less than the official figures suggest – meaning there’s no need for alarm about inflation in Australia.

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The unemployment decline isn’t as impressive as it first appears, and wages growth remains sluggish.

factory

To drive living standards upward we need new technologies to relentlessly improve productivity.

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Australia's unemployment rate may have to fall much more before we see any wages growth.

Reserve Bank

Reserve Bank of Australia governor Philip Lowe has effectively ruled out an interest rate rise until wage growth tops 3%.

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Low inflation and painful wage growth mean the Reserve Bank has extended its freeze on interest rates for an almost unprecedented 18th straight meeting. 

pay rise

For a whole lot of workers in Australia, cutting a better pay deal is very hard, writes Richard Holden.