"Captain! The Engines Canna Take More!"

Scotty from Star Trek cries, as the Enterprise shakes and hums, as they try to squeeze more out of the warp core. This to me is a good analogy to what’s happening in the economy, based on the latest data from the ABS. First, Average weekly ordinary time earnings for full-time adults was $1,838 in May 2023, according to new seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS). The ABS also said the unemployment rate increased by 0.2 percentage points to 3.7 per cent in July (seasonally adjusted). Now three points, we know that given the […]