Tag Archives: wages

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

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Courier-Mail’s public service wages-budget threat story based on Joe Branigan’s QEW guest post

Well done to Joe Branigan on having his QEW guest post from last week, “Moody Blues”, quoted by the Courier-Mail’s Steven Wardill today (Qld Budget 2017: Public service wages threaten bottom line): THE cash-strapped State Government will have to impose … Continue reading

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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 , , , , , , , , , , , , , , , , , | 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

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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

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