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Wage growth

This Month

Virgin staff offered free cruise trip, up to 32pc above award pay

The airline will try to win agreement for a pay deal it says is worth $50 million, as it attempts to avoid industrial action over Christmas.

  • Ayesha de Kretser
Virgin’s cabin crew will meet with the airline on Friday.

Last ditch IR talks to avoid Virgin Christmas chaos

The airline’s cabin crews are threatening strikes over rostering and allowances that Virgin says could unwind productivity gains ahead of its float.

  • Ayesha de Kretser
Blue-collar jobs are closing the gap on white-collar work.

It’s a blue-collar bonanza as the income gap keeps closing

So ingrained is the idea that workers are suffering in today’s world that saying otherwise is almost heretical.

  • The Economist

November

CPSU national secretary Melissa Donnelly is being challenged by candidates who say the union is too close to former organiser and now Finance Minister Katy Gallagher

Public servants to get bonuses up to $1400 in wage deal

A much watched federal pay deal has been brokered, after a one-off payment was agreed with in principle with the key union, but union elections could derail the agreement.

  • David Marin-Guzman and Tom Burton
The Transport Workers Union says the Virgin pay deal “corrects pay and conditions after pandemic sacrifice” for staff including baggage handlers and cleaners.

Virgin ground staff win pay rises of up to 20 per cent

The Transport Workers Union says the Virgin pay deal “corrects pay and conditions after pandemic sacrifice” for staff including baggage handlers and cleaners.

  • Ayesha de Kretser
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 Wages grew at 1.3 per cent in the three months to September 30.  The increase was the largest quarterly rise since records began in 1997, and pushed annual wages growth to a 14-year high of 4 per cent.

Wages growth hits 14-year high, fuelling inflation fears

Accelerating wages growth will fuel domestic inflation and keep pressure on the RBA to raise interest rates if not matched with higher productivity.

  • Updated
  • Michael Read and David Marin-Guzman
Public servant millionaires: NBN Co’s Stephen Rue, AustraliaPost’s Paul Graham and Western Sydney Airport’s Simon Hickey.

These 32 public servants earn more than $1m

Finance Minister Katy Gallagher has warned the boards of government-owned businesses they must show restraint on pay and bonuses, amid a new round of high salaries.

  • Updated
  • Michael Read and Tom McIlroy
Venture capitalist Marc Andreessen in 2016.

A tech venture capitalist’s manifesto to save the world

Internet pioneer Marc Andreessen, who helped create Facebook, Twitter and LinkedInk, has published what critics call a 5000-word rant. It deserves respect.

  • Aaron Patrick

October

Many more skilled workers will be needed in the future, not least to enable the clean energy transformation.

How to get fiscal dividend from a jobs, skills and training virtuous cycle

Reforms in vocational and higher education, and migration, can realistically aim to promote economic growth and would more than repay the upfront investment cost.

  • Peter Dawkins
Actuaries, tax accountants, solicitors and architects are officially in shortage, according to Jobs and Skills Australia’s annual skills priority list.

Australia’s most in-demand jobs revealed

Actuaries, tax accountants, solicitors and architects are officially in shortage, according to Jobs and Skills Australia’s annual skills priority list.

  • Michael Read and Euan Black
United Auto Workers members march through downtown Detroit, Friday, Sept. 15, 2023. The UAW is conducting a strike against Ford, Stellantis and General Motors. (AP Photo/Paul Sancya)

Why a 36pc pay rise at US car makers won’t inflame inflation

The wage jump over four years demanded by US car workers would lift inflation only slightly, according to new analysis from Goldman Sachs and JP Morgan.

  • Matthew Cranston

September

Childhood educator unions have said they will seek to get the government to the bargaining table as soon as possible.

Childcare sector unions win first multi-employer bargaining order

Unions say they will seek to force the Albanese government to the bargaining table to fund a real wage increase for 500 centres.

  • David Marin-Guzman
Shadow treasurer Angus Taylor and  Treasurer Jim Chalmers.

Jobs and low inflation goal clashes with workplace changes

Economists say the employment white paper’s goals to cut the jobless rate and keep inflation low clash with Labor’s workplace changes.

  • John Kehoe

Pay rises surge, close in on inflation

Average pay rises in new collective agreements have soared to a high of 4.7 per cent, putting pressure on efforts to control inflation.

  • Updated
  • David Marin-Guzman
Ready for industrial action: HSU Secretary Gerard Hayes with health workers Tess Oxley (right) and Dolly Borg.

Minns wages policy to be put to test by unions asking 30pc

Budget papers have revealed NSW’s uncapped wages policy could blow out initial estimates of $46 billion as unions prepare to ask for hefty pay rises.

  • Samantha Hutchinson
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Australians are facing an economic environment of rapidly rising interest rates.

Incomes to stagnate without reform: RBA

A further slowdown in global trade, the cost of the transition to net zero and waning business dynamism are a threat to living standards, the bank says.

  • Michael Read
NSW Treasurer Daniel Mookhey says housing is one of the the biggest problems on people’s minds.

NSW uses fund for ‘transformative’ infrastructure for truck stops

A $1.5bn fund set up to build “once in a lifetime, transformative infrastructure” will be spent on regional roads, an aged care facility upgrade, and ambulance bases.

  • Samantha Hutchinson
Victorian Premier Daniel Andrews meets TAFE students.

Victorian TAFEs push for single employer status

The institutes’ teachers are hoping the Fair Work Commission will pave the way for them to bargain collectively.

  • Julie Hare
Have workers missed out on pay rises?

How every Australian missed out on a $25,000 pay rise

Since the internet boom of the 1990s, productivity has slowed and real incomes have suffered as a result, according to a new report.

  • John Kehoe

Workers get fair share of pie, says PC as it busts wages myth

Labour’s share of income for 95pc of workers outside of mining and agriculture had declined by less than 1 percentage point over the past 27 years, it says.

  • John Kehoe