Centre for Future Work
@CntrFutureWork
The Centre for Future Work publishes progressive economic research on work, employment & labour markets. Director Jim Stanford. Project of @TheAusInstitute.
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http://www.futurework.org.au 31-05-2016 07:18:30
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Inflation hurts. But the ABS's official 🇦🇺CPI doesn't include higher interest on mortgages. If you do, the *true* cost of living is much higher--especially for workers. And the RBA is actually making that worse. Jim Stanford explains in The New Daily: thenewdaily.com.au/finance/2024/0…
Great overview from Sezen Bakan for The New Daily on all the moving parts involved in planning strong employment transitions as part of the energy transition: thenewdaily.com.au/life/2024/04/0…. I stress we need training, transition supports, and high quality, stable jobs to move into.
See our full Centre for Future Work report on corporate profits in Canada since the pandemic, and how record profits (biggest of all in the petroleum sector) have been the leading factor in inflation and hence high interest rates: centreforfuturework.ca/wp-content/upl…. /6
Had a great chance this week to meet in Sydney with (almost) all our fine Centre for Future Work team L to R Greg Jericho Fiona Macdonald Charlie Joyce me & Lisa Heap, with David Peetz on the screen! Thank you all for your outstanding research! 🙏🏼
The latest data for enterprise agreements shows that the private-sector avge annual wage growth for EBAs approved in the December quarter of 2023 fell from 4.0% to 3.8%.
So much for the wage breakout... #OffTheCharts Greg Jericho
australiainstitute.org.au/post/wage-grow…
'ACCI and other employer groups never want minimum or award wages to rise by more than inflation and it is about time they were honest and admit they are arguing for the poorest workers in Australia to not just stay poor but become poorer.' Greg Jericho
theguardian.com/business/grogo…
What an outstanding rebuttal by Greg Jericho for Guardian Australia of the tiresome and predictable complaints from employers about the minimum wage. CEOs should look in the mirror to find the culprit for inflation, not blame low-wage workers. theguardian.com/business/grogo…
Here's a great explainer podcast from Rania Yallop for SBS News on the Fair Work Commission's annual wage review: sbs.com.au/news/podcast-e…. Our Jim Stanford explains why protecting the living standards of the lowest-wage workers poses no threat of future inflation.
What a treat to meet with Gareth Bryant and his super bright class to discuss neoclassical economics: where and why it came from, what's wrong with it, and how to replace it. University of Sydney's Political-Economy program is globally unique and a centre for outstanding scholarship.
The proposed 5% increase in minimum & Award rates, even if FULLY passed on, would lift economy-wide prices by 0.3% at most. Even better, could be absorbed by business with a 1% decline in their record profits. Our full report: futurework.org.au/report/the-irr…. Low-wage workers need this!
BREAKING: New Australia Institute Report has found that 'There has been no significant correlation between rises in the minimum wage and inflation since 1997'