The annual horse-trading over the minimum wage has commenced. The Australian Chamber of Commerce & Industry (ACCI) wants the Fair Work Commission (FWC) to limit the annual minimum wage rise to no more than 2%. The employers’ group contends that inflation is expected to fall to 3%, productivity is declining and the FWC has overcompensated
BREAKING: CBDC Launch Date REVEALED, Prepare!
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The once marvellous Melbourne is today a hellscape of construction, congestion, delay and rage: The populations of Sydney and Melbourne swelled by a record 310,000 in a single year as migrants surged back into inner city areas and student accommodation while many financially pressed Australians moved to outer suburbs. Don’t get me wrong, Hellbourne still
Analysis by the Centre for Independent Studies (CIS) shows people earning more than $224,000 a year were “under-compensated for bracket creep” under both the Coalition’s original stage 3 tax cuts and Labor’s revised version. The CIS findings are at odds with claims that both sets of tax cuts favoured high-income earners. Matthew Taylor from the
Data released last year by the Reserve Bank of Australia showed that poorer Australians dominate the nation’s rental tenancies: “Nearly 90% of all households in the lowest wealth quintile were renters in 2019/20”, according to the RBA. As we all know, Australian renters have experienced hyper-inflation in housing costs, with median asking rents soaring 38%
MacroBusiness has frequently criticised the politicisation and lack of independence in Australia’s public service. I observed this problem myself in the early to mid-2000s while working at the Australian and the Victorian Treasuries, when governments of both parties were overly eager to outsource policy-making to consultants. In 2003, while working on the Australia-US Free Trade
ABS with the report. The monthly CPI indicator rose 3.4% in the 12 months to February. The most significant price rises were Housing (+4.6%), Food and non-alcoholic beverages (+3.6%), Alcohol and tobacco (+6.1%) and Insurance and financial services (+8.4%). The consensus was 3.5%, so this is
The post Aussie monthly inflation appeared first on MacroBusiness.
ABS with the report. The monthly CPI indicator rose 3.4% in the 12 months to February. The most significant price rises were Housing (+4.6%), Food and non-alcoholic beverages (+3.6%), Alcohol and tobacco (+6.1%) and Insurance and financial services (+8.4%).’ The consensus was 3.5% so a bit soft. Services and food coming off. Goods firmed a
The post Aussie monthly inflation soft appeared first on MacroBusiness.