A wages explosion?
Posted by John, January 29th, 2014 - under Eric Abetz, Wages.
Last year wage increases averaged 2.7%, down from 4%.This is the lowest level of wage increases in 16 years.
Inflation is 2.6%. Oh, and productivity has grown 2.2%, with most of the rewards going to capital.
Capital’s share of national income is at almost record highs, that of labour at almost record lows.
The problem for workers isn’t a wages explosion. It is the lack of a wages explosion.
Advertisement
Comments
Comment from Ross
Time January 29, 2014 at 9:36 pm
They don’t factor enough variables in when measuring inflation. The carbon tax for example should included in these figures.
I’m seeing the rapid rise of inflation right now, particularly in food prices.
Pingback from A wages explosion? | OzHouse
Time January 29, 2014 at 10:12 am
[…] Jan 29 2014 by admin […]