In their appearance before the House Economics Committee on Friday, the executive of the Reserve Bank made it quite clear that we can expect more interest rate rises to come, but made little suggestion that real wages will be improving any time soon.
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PODCASTDollars & Sense
On this episode of What’s the Point?, Richard Denniss explains the goods and services tax.
Australia is set to ban non-compete clauses for workers earning under $190,100, with the government eager to do away with what it describes as “massive productivity and wage killers”.
Santos boss Kevin Gallagher has claimed it’s a 'myth' that Australia gets less from its oil and gas resources than countries such as Norway and Qatar, despite figures showing the two nations reap substantially more public revenue from comparable LNG exports.
Barnaby might not understand the velocity of money, but neither does anyone else, and to be honest, the entire concept of it on inflation is pretty disputed, so trying to argue against him on that score is a mug’s game. The same goes for the One Nation and LNP’s policy of letting people raid their super.
