Category Archives: Labour costs

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

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 | 9 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 | 10 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

Labour costs are not driving Australia’s competitiveness

Australia is caught in a bizarre warp at the moment. We have a national election in September and the incumbent Labor Party is heading for obliteration with the Party conducting an internal power struggle that defies description. The Prime Minister … Read the rest of this entry »

Posted in Labour costs | 7 Comments

No joy for Australia’s low paid workers

The Fair Work Commission, the Federal body entrusted with the task of determining Australia’s minimum wage handed down its – 2012-13 decision – today. The news was not good for more than 1.5 million workers (out of some 11.6 million) … Read the rest of this entry »

Posted in Labour costs | 12 Comments

Low pay workers dudded again in Australia

On Friday (June 3, 2011) Fair Work Australia which is the body that formally sets the minimum wage in Australia handed down its Annual Wage Review 2010-11 decision. The Minimum Wage Panel of FWA released its second Annual Wage Review … Read the rest of this entry »

Posted in Economics, Labour costs | 12 Comments

NAIRU mantra prevents good macroeconomic policy

Today I have been working with various datasets (labour costs, long-term unemployment) and this blog provides some interesting aspects of what is going on at present. The blog should also be seen in the context of a speech made yesterday … Read the rest of this entry »

Posted in Economics, Labour costs | 13 Comments