Category Archives: Labour costs

Blogs in this category will analyse trends in labour costs published by various statistical agencies

Wage rises are required – real wages must grow in line with productivity

There was an interesting article in the UK Guardian last weekend (March 29, 2015) – Why falling inflation is a false pretext for keeping wages low – which examined wage trends in the UK and the validity of the argument … Read the rest of this entry »

Posted in Economics, Eurozone, Labour costs, UK Economy, US economy | 11 Comments

National income continues to be redistributed from wages to profits in Australia

One of the salient features of the neo-liberal era has been the on-going redistribution of national income to profits away from wages. This feature is present in many nations. As I noted in yesterday’s blog – Employer group demands free … Read the rest of this entry »

Posted in Labour costs | 21 Comments

Job Services Australia – ineffective and rife with corruption – scrap it!

The ABC – Four Corners – program tonight will highlight the corruption and inefficiency within Australia’s privatised labour market services sector. The program – The Jobs Game – will screen at 20:30 Eastern Standard Time. I participate in the program … Read the rest of this entry »

Posted in Labour costs, Labour Force | 20 Comments

Declining employment opportunities for graduates – a future disaster

Another day of light blogging. It used to be the case that if you secured a University degree then you were nearly immune from unemployment and enjoyed a fairly quickly growing wage gap on those of the same age who … Read the rest of this entry »

Posted in Economics, Eurozone, Labour costs | 19 Comments

Back to 1917 – the wealth distribution in the US

The current evolution of Capitalism is taking the world back to where it was in the early C20th, before trade unions were strong enough to protect workers’ rights, before central governments were willing to mediate the class struggle and step … Read the rest of this entry »

Posted in Economics, Labour costs, US economy | 11 Comments

Japan demonstrates the real limits on government spending

Last week, Reuters put out a story (October 30, 2014) – Special Report: Tsunami evacuees caught in $30 billion Japan money trap (thanks Scott Mc for the link) – which provides an excellent demonstration of the true limits of government … Read the rest of this entry »

Posted in Inflation, Japan, Labour costs | 10 Comments

CEO pay still out of control

On September 15, 2014, the Melbourne Age article – Workers can forget about big pay rises for some time to come – summarised the wages outlook that workers can expect in the coming year as the labour market weakens. Its … Read the rest of this entry »

Posted in Labour costs, UK Economy, US economy | 6 Comments

Real wages falling and Treasury continues to deceive

There is growing pressure on Australia’s wage setting tribunals to scrap penalty and overtime rates, allegedly because they damage employment and firms are just busting to put more workers on as long as wages drop. I have had a long … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Labour costs | 12 Comments

Australia’s lowest wage workers continue to trail behind

The Fair Work Commission, the Federal body entrusted with the task of determining Australia’s minimum wage handed down its – 2013-14 decision – on June 4, 2014. The decision meant that more than 1.5 million of our lowest paid workers … Read the rest of this entry »

Posted in Labour costs | 2 Comments

Not a wages breakout in sight

Australian readers will recall earlier in the year when the Federal Employment Minister Eric Abetz warned the public that there would be a wages breakout unless union power was curbed and they negotiated collective agreements with employers that were in … Read the rest of this entry »

Posted in Labour costs | 1 Comment