Wage growth
Updated
WA budget
WA budget gets more from ore as Saffioti promises to diversify
“A big challenge for us is to make sure we continue to diversify our economy to ensure we have a strong revenue base in the future,” Treasurer Rita Saffioti said.
- by Peter Milne
Latest
Five things to know about the Australian economy
Here are the key takeaways on the economy from the Reserve Bank’s latest monetary policy statement.
- by Rachel Clun
Non-compete clauses in the gun as way to boost wages and economy
Treasurer Jim Chalmers has signalled tough action on non-compete clauses after the United States decided to ban so-called “wage handcuffs” on staff.
- by Shane Wright
The economy is on a knife edge. An interest rate change could tip the balance
The RBA board said it was not yet confident inflation was definitely tracking down in its estimated time frame. Here’s what the board will be watching closely to make sure it does.
- by Rachel Clun
Exclusive
Pay
Sydney’s rich getting richer: How do incomes in your suburb stack up?
Check out our interactive map to reveal how average incomes vary across Sydney suburbs.
- by Matt Wade and Craig Butt
Opinion
Productivity
Good news: Our falling productivity is too bad to be true
Our stunning fall in productivity may mean the world’s coming to an end, but it’s more likely to mean there’s something funny going on with the figures.
- by Ross Gittins
Updated
Jobs
Real wages grow for first time in nearly three years
Australians’ wages rose by 4.2 per cent over the year to December - the highest annual growth since March 2009.
- by Shane Wright and Rachel Clun
The migrant boost: How immigrants to Australia are lifting wages
Amid a growing debate about Australia’s population and migrant intake, four new research papers show immigrants are boosting wages.
- by Shane Wright
Exclusive
Competition
Job handcuffs costing workers $7500 a year in lower wages
One of the best ways to get a pay rise is moving to another company. But contract clauses are on the rise that are shackling workers to low-paying employers.
- by Shane Wright
‘A pretty grim picture’: Biggest expense for many households blows out
Although everyone faces a cost of living crisis, tenants are under extra pressure as asking rents soar faster than wages – and it’s even worse in some areas.
- by Elizabeth Redman
Household relief predicted but shocks loom: What to expect from the economy in 2024
The coming year should deliver Australians their first real wage rise since 2021 and a drop in interest rates. But economic shocks could be on their way.
- by Shane Wright