Employers finding ways to avoid lifting wages, Reserve Bank says

Deputy chief says wages tied to individual performance mean average growth is contained

Australia’s employers are finding inventive ways to avoid lifting wages for their staff as the economy improves, the Reserve Bank has found.

Guy Debelle, the RBA deputy governor, says Australia’s jobs market is in “pretty good shape”, with many indicators suggesting wages should be growing more quickly.

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Employers finding ways to avoid lifting wages, Reserve Bank says

Deputy chief says wages tied to individual performance mean average growth is contained

Australia’s employers are finding inventive ways to avoid lifting wages for their staff as the economy improves, the Reserve Bank has found.

Guy Debelle, the RBA deputy governor, says Australia’s jobs market is in “pretty good shape”, with many indicators suggesting wages should be growing more quickly.

Continue reading…

ABC’s longest serving content director Michael Mason quits broadcaster

Mason says departure is ‘in no way linked’ to those of Justin Milne and Michelle Guthrie

The ABC’s longest serving content director, Michael Mason, has announced his exit just weeks after the departures of the chairman and the managing director.

In a statement to staff, the 34-year veteran of the broadcaster and former head of the radio division said his resignation “is in no way linked” to the sudden departures of Justin Milne and Michelle Guthrie last month.

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Trump’s tax cuts will increase inequality. Australia shouldn’t follow his lead | Richard Denniss

The fiscal policies of conservatives like Trump and Scott Morrison are eating away at the fabric of society

If running a budget surplus is a “conservative value’ then Donald Trump is one of the most progressive presidents in US history. The US federal budget deficit is already more than $US779bn this year (more than $AUS 1tn) with the Congressional Budget Office forecasting deficits of more than $US 1tn per year for the foreseeable future.

Of course, Trump is no progressive and there is no link between conservative politics and conservative fiscal policy. None. But, just like Trump, John Howard, Tony Abbott, Malcolm Turnbull and Scott Morrison have prioritised permanent tax cuts over long run fiscal stability whenever they have had the chance. 

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