Wages growth
ALTERNATIVE LABELS
Wage freeze
Wage stagnation
NARROWER TERMS
Working paper
Did labour market concentration lower wages growth pre-COVID?
Prior to COVID-19, wages growth in Australia was somewhat lower than was expected based on historical determinants. This paper examines concentration in Australian labour markets and its impacts on wages using a large and representative database derived from administrative tax data.
Report
Profit-price spiral: the truth behind Australia’s inflation
The focus in current anti-inflation policy on suppressing wage growth, enforcing a permanent reduction in real wages, while ignoring the role of record profits in driving post-pandemic inflation reflects an ahistorical and ideological approach to macroeconomic management, writes Jim Stanford.
Report
A decade of wages lost
This report sheds light on the scale and impact of the Australia's nominal wage increases and their recent decline.
Policy report
Wages growth in Australia: evidence and policy evaluation
This paper reviews the evidence regarding wages growth in Australia since the 2008 financial crisis and discusses what it means for policy. This includes the pros and cons of new policy measures, such as a return to multi-employer bargaining and a boost to planned permanent...
Report
Collective bargaining and wage growth in Australia
The weakness of wage growth in Australia over the past decade has been extreme by both historic and international standards. The authors of this report argue that the reforms proposed in the 'Secure Jobs, Better Wages' Bill represent important, but incremental steps in restoring a...
Briefing paper
The October 2022-23 Commonwealth Budget: a good start ... but rocky times ahead
The new Albanese Government has tabled a revised budget for the 2022-23 fiscal year, revising revenue and spending forecasts. In this paper, Centre for Future Work researchers evaluate the budget's assumptions and policy measures from the perspective of workers and labour markets.
Report
Inflation: a primer
This report investigates the history of Australian inflation and policy choices, and provides a counter to the view that low inflation and the current inflation target is acceptable.
Report
Treasury Round Up: Productivity edition - October 2022
This edition of the Treasury Round Up looks at a range of issues that affect productivity in the Australian economy.
Policy report
Improving migration settings to support higher productivity and wages
In this policy paper, released ahead of the Jobs and Skills Summit, the Business Council of Australia identifies the critical resets needed on skills and migration to lock in a stronger economy and better wages.
Discussion paper
Jobs and Skills Summit - maintaining full employment and growing productivity
The Business Council of Australia has prepared this discussion paper ahead of the upcoming Jobs and Skills Summit.
Discussion paper
Are wages or profits driving Australia’s inflation? An analysis of the National Accounts
The distributional consequences of record high profits and record low real wage growth have been widely discussed in Australia recently, but the data presented in this paper suggests that rising profits are now the major driver of inflation.
Briefing paper
Wages, prices, and the 2022 federal election
The recent federal election featured important debate regarding the recent acceleration of inflation in Australia, and whether and how wages should be boosted to keep up with higher prices. This briefing paper reviews the detailed findings of an exit poll regarding wages, prices and the...
Report
Feeling the pinch
This report explores how Australian Service Union members working in clerical and administrative roles in the private sector are faring under these conditions. It provides insight into their wages and their satisfaction with their wages, their perceptions around their financial situation and the cost of...
Report
Wage norms and the link to public sector salary caps
This report examines the escalating cost of living and retention crisis for New South Wales public sector workers.
Report
Tackling rising inflation and slowing growth: government’s big decision on how to share the pain
The economic crisis facing the United Kingdom is very different to the 2008 financial crash and the early 1990s recession – which means a very different response is required by the government, argues Gemma Tetlow in this report.
Briefing paper
Wage price spiral or price wage spiral?
While significant concerns have been raised about the inflationary impacts of a five percent increase in the minimum wage, in reality, the authors of this paper argue that the direct inflationary impact of a five percent increase in all wages is only 1.27 percent, and...
Report
The wages crisis: revisited
A comprehensive review of Australian wage trends indicates that wage growth is likely to remain stuck at historically weak levels - despite the dramatic disruptions experienced by the Australian labour market through the COVID-19 pandemic. This report finds that targeted policies to deliberately lift wages...
Briefing paper
Economic records don’t match the election rhetoric: data brief
Economic management is a feature of all election campaigns, but key claims made to date do not stack up. This paper explores claims about wages growth and tax by the Morrison Government, finding inconsistencies between its arguments and its record.
Policy report
Stuck in neutral: the policy architecture driving slow wage growth in Australia
This report begins by describing trends in wage growth in Australia over the last 14 years. It then identifies the policy positions of the federal government since assuming office in 2013 that have contributed to slow wage growth.
Briefing paper
Budget analysis 2022-23: a budget to get to the May election – but no further
The Morrison Government has tabled its budget for the 2022-23 financial year. In this briefing paper, the Centre for Future Work's team of economists unpacks the budget, considers its effects and suggests alternatives.
Report
The return of inflation: what it means for Australia
Inflation is rising around the world, the sting in the tail of the pandemic economic stimulus packages unleashed by governments in 2020. This analysis paper examines the implications for prices and wages growth in Australia.
Working paper
Do workers share in firm success?
This document reports on the extent to which firm financial performance is passed on to workers in the form of higher wages and the degree to which this pass-through has changed over the period 2002-2018.
Fact sheet
Fact Check: Labor says wages fell 2.1 per cent over the year to June 2021, the 'fastest drop in 20 years'. Is that correct?
Wages growth in Australia has been sluggish for years, well before the coronavirus pandemic hit the economy. In a Facebook post, Federal Labor claimed that "under Scott Morrison real wages have fallen 2.1 per cent in 12 months, the fastest drop in wages in 20...
Discussion paper
Living on borrowed time
This discussion paper has been prepared to trigger widespread consultations with the broader community about Australia's economic future.
Fact sheet
Fact Check: Anthony Albanese says Australia's real wages have 'flatlined' for eight years. Is he correct?
After being overly optimistic with its wage forecasts for years, Federal Treasury is now, according to Labor, predicting that real wages will fall. RMIT ABC Fact Check investigates. The verdict: Mr Albanese is close to the mark.