real wages

Just about everywhere you look, there are worsening signs that Australia is no longer the lucky country.From record-high rents to skyrocketing mortgages, a cost-of-living crisis to the alarming emergence of a ‘working poor’ population, the…

This month, the Albanese government has broken three records for poor economic management and declining living standards.The first of these records relates to Australia’s real household disposable income, which is arguably the single best…

Annual wages growth has hit its highest levels in almost 15 years, after significant pay rises for award wage earners and aged care workers came into effect.But the figure likely represents a peak for wages growth, economists said, as the…

A staggering number of Aussie businesses are planning to lay off staff in 2023 as the grim economic conditions plaguing the globe start to wreak havoc locally as well. Almost two in five business leaders (38 per cent) expect to let…

Treasurer Jim Chalmers has issued a sombre warning for all Australians, predicting years of struggle ahead.Addressing the nation in his budget speech on Tuesday night, Dr Chalmers made no secret of the fact that Australia was not immune to…

Australians earning the minimum wage would get a raise in line with inflation if the national workplace umpire follows Labor’s recommendation.The Albanese government has confirmed it will back a wage increase for Australia’s lowest paid…

A superannuation expert has detailed how the industry needs to protect itself from cyber attacks that have plagued other sectors over the past year.The admissions came at the Australian Institute of Superannuation Trustees Conference of…

Yet another bank is set to benefit from the cost of living crisis while regular punters worldwide struggle to keep a roof over their heads as a global recession looms. Multinational investment bank JP Morgan Chase & Co, which has…

Excessive corporate profits – and not Australian wages – are behind the skyrocketing cost of living, new analysis has revealed, with one union slamming big businesses for creating a “greed price spiral”.The brutal analysis from the…

Australians have reacted to Philip Lowe’s interest rate apology with fury, with many now calling on the RBA boss to resign – or even face legal action.On Monday morning, Dr Lowe issued a stunning apology to Australians who took out a…