Advertisement
A group of labour academics have written a book, entitled The Wages Crisis in Australia, which bemoans Australia’s anaemic wages growth and offer some policy prescriptions. From The ABC:
“The impact of stagnant wages goes further than subdued consumer spending. The resulting precarity in household financial stability is … a potentially more dangerous consequence of flatlining wages”…
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.