Category Archives: Labour costs

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

Executive pay bears no relationship to company performance

On December 27, 2016, the British CFA Society (an organisation representing Chartered Financial Analysts) released an interesting report that they had commissioned from academic researchers at the Lancaster University Management School. The Report – An Analysis of CEO Pay Arrangements … Read the rest of this entry »

Posted in Britain, Economics, Labour costs, UK Economy | 3 Comments

Australia – where victims become criminals

Last Monday’s blog – I, Daniel Blake – essential viewing – provided a review of the latest Ken Loach movie and put the institutional details with respect to the inhumane way the unemployment and sickness benefit support system had evolved … Read the rest of this entry »

Posted in Fiscal Statements, Labour costs, Unemployment Benefits | 10 Comments

Australia races to the low-pay bottom while employers’ lies are exposed

Over the last 12 months, it has been increasingly obvious that the Australia has become a part-time employment nation. While the trend towards increasing part-time employment as a proportion of the total has been with us since the 1970s, the … Read the rest of this entry »

Posted in Labour costs, Labour Force | 15 Comments

Australia records another quarter of record low wages growth

In the last few weeks, three sets of economic data released by the Australian Bureau of Statistics reveal just how bad the Australian economy is performing and exposes the lies that the mainstream media pedals on behalf of the conservative … Read the rest of this entry »

Posted in Labour costs, Labour Force | 3 Comments

Australia – stagnant wages growth continues

The Australian Bureau of Statistics published the latest – Wage Price Index, Australia – for the June-quarter 2016 today. Annual private sector wages growth remained steady at 2.0 per cent (0.5 per cent for the quarter), which is the third … Read the rest of this entry »

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

Seattle workers better off after significant minimum wage rise

I recently wrote about minimum wage principles in relation to a progressive manifesto and the desire to reduce income inequality, which has risen sharply in the neo-liberal era where mainstream ‘free market’ economics has been the dominant narrative. Please see … Read the rest of this entry »

Posted in Labour costs, US economy | 8 Comments

Dirty deals by trade unions and minimum wages in Australia

The headline this morning in the Fairfax press yesterday (June 1, 2016) – Sacked for having a cup of coffee on the job – was about a low-wage cleaner in Australia won a case in the Fair Work Commission (a … Read the rest of this entry »

Posted in Labour costs | 12 Comments

Australia is caught in a cyclical malaise – there is nothing ‘new normal’ about it

There was another article in the financial media this weekend running the hypothesis that the stagnant economic conditions that Australia has found itself in is a “new normal”. This is now a repeating theme. I disagree with it. It ignores … Read the rest of this entry »

Posted in Economics, Fiscal Statements, IMF, Inflation, Labour costs | 8 Comments

British trade unions in the early 1970s

The mainstream economics (by which I mean neo-classical economics and its siblings in a History of Economic Thought context) constructs trade unions as being market imperfections that interfere with the freedom of supply and demand to determine optimal price (wage) … Read the rest of this entry »

Posted in Britain, Demise of the Left, Labour costs, UK Economy | 15 Comments

A return to full employment in Australia will require significantly higher deficits

Last week, the Australian Labor Party (the federal opposition) released a new policy platform, which it hopes will give it some electoral leverage in the upcoming federal election. The Party announced that they would be attacking poverty and inequality by … Read the rest of this entry »

Posted in Job Guarantee, Labour costs, Labour Force | 8 Comments