Category Archives: Labour costs

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

CEO pay binge in Australia continues while workers’ wages growth remains flat

The headlines in the last week summarised the inherent inadequacy of capitalism for most of us who depend on real wages growth to enhance our material standard of living in economies that are growing. The latest report from the Australian … Read the rest of this entry »

Posted in Labour costs | 6 Comments

New Labour Account framework in Australia provides new insights

The Australian Bureau of Statistics released a new labour market framework on Tuesday (July 10, 2018) – Labour Account Australia, Quarterly Experimental Estimates – which will improve statistical analysis and allow new conjectures to be examined against the evidence. This … Read the rest of this entry »

Posted in Labour costs, Labour Force | 1 Comment

Real resource constraints and fiscal policy design

There is an interesting dilemma currently emerging in Australia, which provides an excellent case study on how governments can use fiscal policy effectively and the problems that are likely to arise in that application. At present, the Australian states are … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Labour costs, Labour Force | 40 Comments

Low-paid workers in Australia – give with one hand, take back with the other

It is a public holiday in Australia today. Would you believe it is the annual Queen’s Birthday holiday – the Queen of England that is. How Australia maintains this colonial relic is down to progressive forces being divided on rather … Read the rest of this entry »

Posted in Labour costs | 7 Comments

Now people pay to work for free

I am back on my regular pattern which means there will be no detailed Wednesday blog – just some snippets if anything. This morning, I did a radio interview on the national broadcaster (ABC) about the growing spread of unpaid … Read the rest of this entry »

Posted in Labour costs, Music | 15 Comments

Welcome to the ‘homeless’ working poor – a new neoliberal KPI

In advanced nations, poverty used to be a thing of old age, once income had stopped due to retirement and savings depleted. Old-aged pension systems were intended as Welfare States emerged to prevent that fall into poverty. The pension systems … Read the rest of this entry »

Posted in Future of Work, Labour costs | 11 Comments

Employers lying about the flat wages growth in Australia

Last Friday (February 8, 2018), the Reserve Bank of Australia issued its latest – Statement on Monetary Policy – February 2018 – which in its own words “sets out the Bank’s assessment of current economic conditions, both domestic and international, … Read the rest of this entry »

Posted in Labour costs, RBA decisions, Reclaim the State | 2 Comments

Australian real wages growth flat – the ripoff of workers continues

Today (November 15, 2017), the Australian Bureau of Statistics (ABS) released the – Wage Price Index, Australia – for the September-quarter 2017. Private sector wages growth was marginally higher in the September-quarter at 1.86 per cent (annualised) after six consecutive … Read the rest of this entry »

Posted in Labour costs | 3 Comments

Retail sales dive in Australia – neoliberal contradictions now obvious

This neoliberal era has a habit of getting ahead of itself and exposing its internal contradictions. In fact, the Capitalist system, as Marx, Keynes and others have demonstrated, it inherently inconsistent. The imposition of neoliberalism has only heightened those inconsistencies … Read the rest of this entry »

Posted in Economics, Labour costs | 5 Comments

Australia – real wages growth zero and the rip-off of workers continues

When the Australian Bureau of Statistics released its latest wages data in May (for the March quarter) we learned that real wages were falling as a result of nominal wages failing to keep pace with the modest inflation rate. Today … Read the rest of this entry »

Posted in Labour costs | 18 Comments