In the wake of the RBA governor's warning about the risks of a wage-price spiral, new A-G's department data shows that bargained pay rises are flatlining at 2.7% a year in the private sector, rising at little more than half the 5.1% rate of headline consumer price inflation.
A new RBA report says that greater job mobility tends to be associated with higher individual and aggregate wages and makes it clear the "great resignation" is a distinctly American and British phenomenon.
NSW's Perrottet Government has raised its 2.5% wage ceiling to 3% next financial year and up to 3.5% in 2023-24, in the face of incomes falling behind consumer price inflation and unions taking industrial action seeking to scrap the cap.
Universities should tap into renewed, pandemic-fuelled interest in technology's effects on job satisfaction and productivity by offering related courses to employers and unions, say an international trio of leading HR and workplace academics.
Consumer prices are now rising at more than double the pace of private sector rates of pay excluding bonuses, which increased by 2.4% annually in the March quarter, unchanged from the December quarter, according to the ABS.
As wage stagnation and cost-of-living issues continue to feature in the federal election campaign, a new report shows Australia has experienced the greatest deceleration in real pay growth in the OECD since 2013, despite its relatively strong employment growth and low unemployment, suggesting that policy and institutional factors are the main culprit, rather than market forces.
The RBA has today raised interest rates for the first time in more than a decade, due to a rapid increase in inflation and "evidence that wages growth is picking up".
Just weeks before the May 21 election, annual consumer price inflation has surged to 5.1% annually in the March quarter, well ahead of private sector wage growth of 2.4%, which remains near historic lows.
Women are half as likely as men to engage in digital platform work and earn between 10% and 37% less when they do so, according to a Victorian Government-commissioned report that will inform State-based standards for the gig economy.