Thursday, 3 August 2017

War on wages: Australians are working harder and going backwards

http://www.smh.com.au/business/workplace-relations/war-on-wages-australians-are-working-harder-and-going-backwards-20170803-gxoh9c.html


The rate of underemployment, which represents the number of people who have fewer hours of work than they want, has remains high at 8.8 per cent and has not followed its normal trajectory in line with falls in the unemployment rate, which is at 5.9 per cent.

The Reserve Bank says it is not clear how much labour underutilisation – a combination of unemployment and underemployment, now at more than 14 per cent – is impacting on wage growth.
http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/6202.0main+features5Nov%202016

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