Every three months the Bureau of Statistics releases the lesser-known cousin of the consumer price index. It’s called the Wage Price Index (WPI) and it records changes in the overall level of wages, in the same way the price index records changes in the overall level of consumer prices.

Read the full article Real wages are shrinking, these figures put it beyond doubt on The Conversation.

Minimum and award wages should grow by 5 to 9 per cent this year

Business representatives sit down today with government and others to talk about productivity. Who, according to those business representatives, will need to change the way they do things?

As the great novelist Isaac Asimov wrote, “The easiest way to solve a problem is to deny it exists.” Business leaders and sympathetic commentators have adopted that advice with gusto, during current public debates over the unprecedented weakness of Australian wages.