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Recent Posts
- Auditor-General exposes deep flaws in Queensland’s governance
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- Second GC motorway should have been built decades ago – BODBTN extract
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- Qantas call for state gov’t incentives highlights the prisoners’ dilemma of interstate bidding wars
Top Posts & Pages
- Auditor-General exposes deep flaws in Queensland’s governance
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Defence should never have been on the Qld-NSW border in the first place
- Top twenty largest cities and towns in Queensland by population
- Qld may see a surge of interstate migrants from Victoria post-COVID
- Queensland leads Australia on obesity
- True Qld unemployment rate around 12%
- Great map from OESR showing CSG wells in Surat Basin
- Official Qld unemployment rate of 7.9% doesn’t tell the full story
- Is Townsville or Cairns the capital of North Qld?
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Blogroll
Tag Archives: wages
Deep recession to be quantified in June qtr National Accounts released tomorrow
Age/SMH Senior Economics Correspondent Shane Wright has written a great summary of the business indicators data released yesterday by the ABS: An economy like 2016 as sales and wages collapse. The business indicators data are pieces of the jigsaw puzzle … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, economy, gdp, jobkeeper, jobseeker, qld, queensland, wages
2 Comments
Imperative to avoid bad policy measures like super increase which would set back recovery
Prime Minister Scott Morrison is right to consider delaying the legislated increase in the 9.5% superannuation guarantee rate, which is scheduled to start increasing by half a percentage point each year from 1 July 2021 until it gets to 12%. … Continue reading
Posted in Brisbane, Macroeconomy
Tagged australia, buildingindustry, consumption, economy, heritage, investment, profits, super, superannuation, wages
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The Gender Pay Gap with Dr Leonora Risse – latest Economics Explained episode
My latest Economics Explained episode on the Gender Pay Gap is now available. My guest this episode is Dr Leonora Risse, who is currently a fellow in the Women and Public Policy program at the Harvard Kennedy School. Prior to … Continue reading
Posted in Labour market
Tagged agreeableness, big5, confidence, conscientiousness, earnings, esa, genderpaygap, psychology, wages, wen
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How you can automate ABS data analysis and charting using R – preview of my upcoming course
In my latest video, I demonstrate how I use the freeware programming language R to automate my analysis and charting of economic data, using the December quarter business indicators data published by the ABS yesterday as an example. I am … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, businessindicators, datascience, gdp, r, sales, thejohnson, wages
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My comments in “Liberal bloodbath” Diplomat article
Brisbane-based writer Anthony Fensom has written an excellent article at The Diplomat titled Liberal Bloodbath Repels Australian Voters in which he quotes me among other commentators: Similarly, economist Gene Tunny said the 2019 result was already a foregone conclusion, despite … Continue reading
Posted in Labour market, Macroeconomy, Uncategorized
Tagged abc, auspol, australia, inflation, thediplomat, unemployment, wages
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Low wages growth & the drop in household saving – 612 ABC Brisbane panel discussion
Low wages growth and the drop in household saving recorded in the June quarter National Accounts were considered in a panel discussion I participated in on Emma Griffiths’s 612 ABC Brisbane Focus program yesterday morning, which you can listen to … Continue reading
Posted in IR, Labour market, Macroeconomy, Uncategorized
Tagged 612abcbrisbane, abc, cciq, minimumwage, qcu, saving, smallbusiness, trade, treasury, unions, wages
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US recovery on track, while Australian economists wait anxiously for latest National Accounts
The latest US jobs data show an economy that is growing quite nicely, with 178,000 new jobs over the last month, and with unemployment falling to 4.6%, its lowest rate since the financial crisis (see chart below). However, the market … Continue reading
Posted in Agriculture, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized
Tagged abs, agriculture, australianeconomy, bls, cashrate, china, fed, federalreserve, fundsrate, interestrates, japan, nationalaccounts, teq, tourism, us, useconomy, wages, wheat
2 Comments
ANU’s Ben Phillips quantifies the real per capita earnings declines in Qld and WA post-mining boom
ANU Associate Professor Ben Phillips, who was in the same UQ Economics Honours class as me, has released an excellent note Trends in Household Living Standards in Australia: 1990 to 2016, which shows significant declines in real per capita earnings … Continue reading
Posted in Macroeconomy, Mining, Uncategorized
Tagged australia, earnings, gladstone, livingstandards, mining, qld, queensland, resources, wages
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RBA to address ESA Qld seminar on recent labour market developments
As Australia has experienced below-trend economic growth recently, and the unemployment rate has crept up to around 6 per cent, reducing the bargaining power of employees, wages growth has fallen (chart above). This in turn has contributed to relatively low … Continue reading
Posted in Labour market, Macroeconomy
Tagged bubble, cashrate, houseprices, inflation, interestrates, rba, sydney, wages, wpi
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