Business News

The official figures say wages aren't growing — here's why they're wrong

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Peterfz30/Shutterstock

Have you heard about the latest wage figures? I hope not. They’re meaningless.

What the widely quoted measure of average weekly earnings purports to show is that wages grew a mere 0.1% over the year to May. It’s not true. It’s not what happened. For most of us, wages grew by much more.

That’s not to say...

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The official figures say wages aren't growing — here's why they're wrong

Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight

Australia’s gender pay gap is narrowing – and the public spotlight seems to be helping

Reduce Your Operating Costs with 5 Strategies

One street tree can boost Sydney house prices by $30,000 – or cost $70,000 if it’s too close: new study

AI can slowly shift an organisation’s core principles. How to spot ‘value drift’ early

Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

Barteos, has launched its ambassadorship program to spearhead its national expansion

Commonwealth Bank's $700 million fine will end up punishing its customers

The Growing Demand for Career Consultants in Australia

AIIMS Group and AdVisible merge

Block's layoffs are a design win. Here's why

Why I Decided to Build a Better Way to Build Homes

Leonardo.Ai reveals new brand, expanding its creator-first platform for the next era of generative AI

Psychosocial injury risk starts inside workplace microcultures

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