Oooch! Wages Up, But Still Below Inflation!

November 15, 2023 00:08:35
Oooch! Wages Up, But Still Below Inflation!
Digital Finance Analytics (DFA) Blog
Oooch! Wages Up, But Still Below Inflation!

Nov 15 2023 | 00:08:35

/

Show Notes

Australian wages accelerated at the fastest pace in over 14 years in the three months through September and reached the Reserve Bank’s forecast peak, while still remaining well below the inflation rate. So in real terms average Australian wages continue to go backwards, against inflation at 5.4%. And productivity improvements are nowhere to be seen, as migration continues at a record pace and unit labour costs rise. The ABS says the Wage Price Index rose 4% in the third quarter from a year earlier, above economists’ expectations of 3.9% and matching the RBA’s forecast for year’s end, On a quarterly […]

Other Episodes

Episode 0

April 07, 2021 00:24:46
Episode Cover

Are Mortgage Rates On Their Way Up? [Podcast]

I discuss the latest research from Canstar with Steve Mickenbecker, their Group Executive, Financial Services & Chief Commentator. Seems some are thinking mortgage rates...

Listen

Episode

June 21, 2019 00:31:39
Episode Cover

Are MMT And Helicopter Money Monetary Socialism? [Podcast]

We continue our series on MMT with a discussion between Wilson N. Sy  (Ex. APRA and ASIC), Economist John Adams and Analyst Martin North...

Listen

Episode

May 03, 2024 00:21:48
Episode Cover

Don’t Believe The Bankers: More People Are Using Cash!

Contrary to the bankers claiming digital payments are replacing cash, yet more evidence is showing that use of cash is on the RISE! We...

Listen