Category Archives: Labour costs

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

British employers exhibit on-going greed but lie about it

One of the abiding and recurring trends, accentuated in the neo-liberal era, is the apparent ‘concern’ for the low-paid by the captains of industry. They continually warn against allowing pay increases for this cohort because they are – so the … Read the rest of this entry »

Posted in Britain, Labour costs, UK Economy | 14 Comments

Disturbing pay trends in Britain

Earlier this month (July 3, 2017) the British Office of National Statistics (ONS) released a research report – Wage growth in Pay Review Body Occupations – which basically summarises what has gone wrong with the world under neo-liberalism. While the … Read the rest of this entry »

Posted in Britain, Labour costs, UK Economy | 11 Comments

When the top-end-of-town realise their strategy is failing

There was an interesting article in the Financial Times on Monday (June 26, 2017) – Why US big business is listening to Bernie Sanders – which, despite the somewhat misleading and over-the-top headline, tells us a little of the way … Read the rest of this entry »

Posted in Economics, Labour costs | 32 Comments

Extremely worrying income shifts towards profits – a repeating destructive phenomenon

This is an extension of yesterday’s blog on the Australian national accounts release (Australian economy was slowing fast in March-quarter 2017 and outlook negative and delves further into the income side of the results, which are, frankly, stunning. They also … Read the rest of this entry »

Posted in Labour costs, National Accounts | 10 Comments

Australia’s minimum wage rises – but not sufficient to end working poverty

Today, the Australian Fair Work Commission (FWC), which is a judicial institution charged with setting minimum wages and conditions announced the outcome of their – Annual Wage Review – 2016-17. The FWC decided to lift the National Minimum wage by … Read the rest of this entry »

Posted in Labour costs | 2 Comments

Real wages now falling in Australia – failing economy and failed policy

In the most recent – Annual Survey of Hours and Earnings: 2016 provisional results – published by the British Office of National Statistics on October 26, 2016, we learn what we had suspected for some time – the purchasing power … Read the rest of this entry »

Posted in Labour costs | 6 Comments

Gas reservation is not a progressive option despite scandalous profits

In the September-quarter 2016, Australia recorded negative GDP growth (-0.5 per cent). Over the last two years, employment growth has been flat and over the last 12 months, full-time employment has dived. Underemployment has risen sharply while unemployment remains at … Read the rest of this entry »

Posted in Climate change, Labour costs, National Accounts | 11 Comments

Disgraceful cut in wages for more than a million low-wage workers in Australia

In case you thought that neo-liberalism had gone and buried its head in shame after all the disasters that it has wrought after several decades of privatisation, outsourcing, pernicious welfare changes, fiscal austerity, out of control banksters, dramatic increases in … Read the rest of this entry »

Posted in Labour costs | 22 Comments

Australia’s wage outcomes – a race to the bottom and nowhere

Yesterday (February 22, 2017), the Australian Bureau of Statistics released its latest – Wage Price Index, Australia – for the December-quarter 2016. For the fourth consecutive quarter, annual growth in wages has recorded its lowest level since the data series … Read the rest of this entry »

Posted in Labour costs, Labour Force, National Accounts | 8 Comments

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