Wage growth will strengthen, and soon
There's been a sound economic justification – the need to restore our industries' international price competitiveness - for our weak wage growth over the past three or four years.
There's been a sound economic justification – the need to restore our industries' international price competitiveness - for our weak wage growth over the past three or four years.
My working life began pushing a 2-stroke mower across the sprawling lawns of my suburban childhood home – a tricky business mustering enough force to pull the starter cord but, after that, a thoroughly satisfying process of methodically retracing one's steps at half-metre-spaced increments.
Doubts about the ATO's IT systems, and commitment to working with and valuing the tax profession continue.
Reserve Bank governor Philip Lowe could oversee two years of stability in the cash rate, BT Investment Management's Vimal Gor says.
The federal government's Tax Avoidance Taskforce will be given additional intelligence to hunt down US-based multinationals after America this week formally agreed to share detailed information about companies with Australian authorities.
Edgecliff is ground zero for Sydney's smashed avocado craze, while Summer Hill is the dividing line for availability.
The explosion of love and goodwill that would accompany the legalisation of same-sex marriage cannot come soon enough for the Australian economy.
RBA governor Philip Lowe has identified low wage growth as one of the key risks to the Australian economy
Since we've all got so excited about the weak growth in wages, let me ask you a personal question: How much do you know about how wages are set?
In this week's episode of It All Adds Up the team shares their top finance tips.
You don't buy a company with $7 billion or so of loans on the balance sheet if you think they're about to bite the dust. The deal suggests a view that Australia's economy is stronger than many outsiders recognise. But it's safe to hedge your bet.
A measure of Australian consumer sentiment slipped to its lowest in more than a year in August as worries over family finances swamped increasing optimism about the economic outlook.
Business conditions have reached their highest level in a decade while consumer confidence stagnates.
Australia needs tougher laws to tackle foreign bribery and company directors should be held responsible for serious corporate crime, a federal inquiry has heard.
Recent data points to jobs growth of 15,000 to 20,000 a month in the near term, ANZ's David Plank says.
Since 1992, the number of Year 12 students taking economics has declined by almost 70 per cent, from 40,000 to closer to 10,000.
The Australian Taxation Office said in its own report into the IT outage debacle that it is not bound by the same service standards as commercial organisations are when it comes to assessing its liability for repeated system crashes.
Australians love to whinge about the cost of living. But they might finally have a point, writes Jessica Irvine.
One problem to remember before we work ourselves into a complete tizz over the War on Wages.
The RBA has cut its economic growth forecasts by half a percentage point for the rest of this year.
Barring refugees awaiting decisions on their status from working increases the propensity for illegal cash economy activity, a government taskforce says.
Few subjects stir consumer passions like rising electricity bills. With power prices more than doubling after inflation over the past 10 years, that's hardly surprising.
Australians would no longer be able to receive wages in cash, and industries classified as being at "high risk" of illegally taking secret cash-in-hand payments including cafes and restaurants could be subject to a minimum rate of tax, which they could then claim a refund on if they can prove to the tax man that they should be paying a lower rate.
Approvals for the construction of new homes bounced 10.9 per cent in June, giving little indication the housing market is cooling.
The Reserve Bank has kept its cash rate on hold for the eleventh consecutive month, providing little indication of when it will allow rates to rise.
Home prices in Australia's major cities rose strongly in July, putting a question mark over regulators' attempts to cool the market.
Labor's policy in effect entrenches discretionary trusts as the vehicle of choice for the fortunate wealthy.
For Australian central bank watchers, it seems no one is neutral on where neutral actually is.
Do you realise the Reserve Bank board hasn't changed Australia's official interest rate from 1.5 per cent for almost a year? But that hasn't stopped people in the financial markets from speculating furiously about whether rates are about to go down – or go up.
Real estate agents and lawyers topped the league table, claiming $8634 and $7156 respectively.
The perennials are too busy starting businesses to worry about which generation they're part of.
It might not be such a big deal after all.
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