Blogotariat

Oz Blog News Commentary

inequality

What is the typical Australian’s income in 2013?

May 13, 2013 - 19:04 -- Admin

A couple of years ago, the government changed the rules so that families on $150 000 a year or more wouldn’t be eligible to receive family payments. There were the predictable cries of ‘class warfare’, but there  were also claims that $150 000 in Australia leaves you struggling to make ends meet.

Labour’s shrinking share

March 5, 2013 - 17:21 -- Admin

How would we know if we were having a wages breakout? Back in the 70s, there was a period in which wages rose faster than productivity, leaving a situation that some economists dubbed a “real wage overhang”. This, I believe, is what people are talking about when they warn of a “breakout” – an inflationary burst of wages growth well in excess of productivity growth.