Pitch Engine
Times Advertising


.

Australia's 2.5% minimum wage rise: there's something in it for you, and the economy

  • Written by John Buchanan, Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney

Australia has a serious wage problem. Over the past decade wages for all but the top 20% of income earners have flat-lined.

This is part of the longer-term problem concerning productivity and wages identified by groups like the OECD – namely, workers have not shared in productivity gains, with “labour market flexibility”...

Read more: Australia's 2.5% minimum wage rise: there's something in it for you, and the economy

More Articles ...

  1. NZ’s clean car discount is a turn in the right direction, but how much will it drive consumer demand?
  2. There's a lot we don't know about the UK trade agreement we are about to sign
  3. The end of JobKeeper wasn't a blip. It might have cost nearly 100,000 jobs
  4. New finding: jobseekers subject to mutual obligations take longer to find work
  5. There are problems in aged care, but more competition isn't the solution
  6. Can Bitcoin become a real currency? Here's what's wrong with El Salvador's crypto plan
  7. Vital Signs: It's not the Reserve Bank's job to worry about housing prices
  8. Morrison's dilemma: Australia needs a dual strategy for its trade relationship with China
  9. Other Australians earn nothing like what you think. If you're on $59,538, you're typical
  10. What would sustainable tourism really mean for New Zealand? Let’s ask the river
  11. To become an innovation nation, we really need to think smaller
  12. New finding: in 49 Australian industries the major firms are owned by common investors
  13. Here's what the budget did to get Australians into homes (hint: not much)
  14. Responsible gambling – a bright shining lie Crown Resorts and others can no longer hide behind
  15. The four GDP graphs that show us roaring out of recession pre-lockdown
  16. How Sydney's Barangaroo tower paved the way for a culture of closed-door deals
  17. Paying off a home loan used to be easier than it looked. It's now harder. Here's why
  18. 68% of millennials earn more than their parents, but boomers had it better
  19. Selecting what matters: skill shortages are no basis for picking permanent migrants
  20. The AFR's 2021 Rich List shows we're not all in this together
  21. Daniel Kahneman on 'noise' – the flaw in human judgement harder to detect than cognitive bias
  22. Vital Signs: a bounce-back in investment holds open the possibility of very good news
  23. Australia Post inquiry: some hard punches, but no delivery on the bigger picture
  24. Behind moves to regulate breastmilk trade lies the threat of a corporate takeover
  25. FinTok and 'finfluencers' are on the rise: 3 tips to assess if their advice has value
  26. Going electric and banning new petrol-powered cars could be Australia’s next big light bulb moment
  27. From body snatchers to dodgy marketers: the dirty history of funeral schemes
  28. The lesson for Australia out of Victoria's property tax hikes: two out of three ain't bad
  29. Great approach, weak execution. Economists decline to give budget top marks
  30. Australia vs New Zealand. You can tell a lot about a country by the way it budgets
  31. Vital Signs: wages growth desultory, unemployment stunning
  32. Like a high-wire act, Victoria's budget is a mix of hard work, luck and optical illusion
  33. NZ Budget 2021: billions more for benefits, but one eye on the bottom line
  34. Dollar for dollar, the winning nations at the Olympic Games seem to be the poorest
  35. An employee, not a contractor: unfair dismissal ruling against Deliveroo is a big deal for Australia's gig workers
  36. The GFC provided the secret sauce we used to ward off the COVID recession
  37. NZ's second 'Well-being Budget' must deliver for the families that sacrificed most during the pandemic
  38. New Zealand is overdue for an open and honest debate about 21st-century trade relations
  39. It can't all be insured: counting the hidden economic impact of floods and bushfires
  40. Jacinda Ardern calls for 'ethical algorithms' to combat online extremism. What this means
  41. Who are you? What the standard questions about birth and background don't tell us
  42. Tesla's Bitcoin about-face is a warning for cryptocurrencies that ignore climate change
  43. The Women's Budget Statement was more like a first step than a revolution
  44. The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it's needed
  45. How much can I spend on my home renovation? A personal finance expert explains
  46. As the government is learning, a 'wage freeze' can come with unintended consequences
  47. Cuts, spends, debt: what you need to know about the budget at a glance
  48. Less hard hats, more soft hearts: budget pivots to women and care
  49. View from The Hill: Frydenberg finds the money tree
  50. Budget 2021: the floppy-V-shaped recovery