Share
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.
You might also like
The continuing irrelevance of minimum wages to future inflation
Minimum and award wages should grow by 5 to 9 per cent this year
Closing Loopholes Protections, Including Right to Disconnect, Come Into Effect 26 August
New labour rights coming into effect on 26 August, including the ‘Right to Disconnect’.
The 9 to 5 is back! Time to put the phone on silent
If you’ve ever flicked off an email before bed, texted your boss out of hours, or received an ‘urgent’ work call after clocking off, you’ll be glad to hear some respite is just around the corner. A new right to disconnect from work, for employees in businesses with 15 or more staff, comes into force