Labour costs have played an insignificant role in the recent increase in inflation, accounting for just 15 percent of economy wide price increases while profits have played an overwhelming role, accounting for about 60 percent of recent inflation.
- RESEARCH // Macroeconomics, Wages & Entitlements
Are Wages or Profits Driving Australia’s Inflation?
AUTHORS
Labour costs have played an insignificant role in the recent increase in inflation, accounting for just 15 percent of economy wide price increases while profits