Australian Pay Increases Fall Behind Rising Prices for the First Time in Two Years
Australian private sector workers are seeing pay rises (3.4%) that are lower than inflation for the first time in two years. Find out how this affects your buying power.
#AustralianEconomy, #CostOfLiving, #WageGrowth, #Inflation, #RealWages
Australian private sector pay increases are now 3.4%, which is less than the rate of rising prices. This is the first time this has happened in two years.
#AustralianEconomy, #CostOfLiving, #WageGrowth, #Inflation, #RealWages
Japanese stocks opened lower as the Nikkei 225 tracked overnight US market weakness, with profit-taking following recent record highs and disappointing wage data weighing on sentiment.
#YonhapInfomax #Nikkei225 #TOPIX #ProfitTaking #BankOfJapan #RealWages #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98939
Some quotes to remember from Corbin Trent (about the US Economy):
"Two full-time workers today have less purchasing power than a single worker did in 1950."
"Any politician promising affordability without a bold plan to shift power back to working people is full of shit."
"We need to reverse a 50-year transfer of $79 trillion from the bottom 90% to the top 1%"
https://www.americasundoing.com/p/it-works-if-you-work-it
#Economics #Inflation #RealWages #PurchasingPower #Inequality #Politics #USPoli #Unions #TaxTheRich
The US Department of Labor will release September nonfarm payrolls on the 20th, with real wage data following on the 21st, after delays caused by the federal government shutdown; October’s jobs report may not be published due to incomplete data collection.
#YonhapInfomax #NonfarmPayrolls #USDepartmentOfLabor #FederalShutdown #RealWages #UnemploymentRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=91025
Japan's household spending rose 1.4% year-on-year in July, missing forecasts, while real wages turned positive for the first time in seven months amid persistent inflation pressures.
#YonhapInfomax #Japan #HouseholdSpending #RealWages #Inflation #YenExchangeRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80351
The Bank of Japan faces mounting pressure as real wages fall 2.9% and US tariffs loom, forcing policymakers to weigh inflation control against economic support.
#YonhapInfomax #BankOfJapan #RealWages #Inflation #USTariffs #EconomicGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71187
If floundering leaders r #newnorm we’re in v dangerous time
"post-WW2 welfare states eroded by capital’s escape fr #regulations, #taxation & #employment #standards tt govts once enacted, & none of e nations’ #governments cld arrest e shift in income fr wages to invts. #Offshoring ⏬️ # of & rewards for jobs in #industry.. broad prosperity of 30 yrs aft WW2, when #democracies w adv econs saw #realwages & median incomes⏫️ due to #preglobal #socialcontracts has long vanished"
https://prospect.org/world/2024-12-23-biden-unpopular-check-out-fellow-leaders/
In Asia, #Japan's real #wages continue to decline, with stubborn #inflation outpacing nominal wage increases. Despite some positive signs like steady wage hikes, challenges persist in achieving balanced growth in workers' earnings. #Asia #Economy #RealWages
The #Republican party is effectively #neonazi by now, but the #Democratic party refuses to address the social and structural factors driving the country into #FarRight #populism. Bragging about record #IncomeInequality and shrinking #RealWages shows total blindness to the threat.
> In real terms, full-time total average weekly earnings fell by 2 per cent over the year to May 2023.
> Rather than employees being "better off", average full-time #wages actually fell in real terms by $2,012.92 over #Australia Labor's first year in office.
> So, in real terms, average weekly total earnings slipped by 2 per cent in #Labor's first year.
> "Earnings have gone backwards, it's as simple as that," Professor Hayward said.
https://www.abc.net.au/news/2023-10-20/fact-check-3700-better-off-per-year-jim-chalmers/102986574
The federal treasurer should know that #RealWages are what people actually have to pay their #CostOfLiving; I don't get to delay my bills from last year until this week's wages.
The Reserve Bank can't help us with this; the federal treasurer can, by spending on what real people need, today and tomorrow.
We need to demand they do right by us.
Real wages fell in most European countries after record-high inflation eroded most of the nominal wage growth.
Which countries have seen the biggest changes in salaries?
Hating #dementia is nothing but the love of #RealWages.
@alu Lowering inflation? More like slowing the rate of the freefall! Let's not forget that inflation was around 2% when #Biden took office. Even a 'lowered' 4% devaluation per year is brutal, especially when real wages are down. There's a lot more to #Economics and #Inflation than catchy headlines. Do the math, folks. #RealWages #USD
#PhilippHeimberger
https://twitter.com/heimbergecon/status/1684453156153966593?s=19
#RealWages have declined, by about 3.8% between the first quarter of 2022 and 2023 for advanced and large emerging market #economies. #IMF calculations
https://www.imf.org/en/Blogs/Articles/2023/07/25/global-economy-on-track-but-not-yet-out-of-the-woods
#Economy #Economist #investment #technology #climatechange #China #USA #EUROPA #Centralbank
The growth of #realwages was the worst in #Hungary in the #OECD: -15.6%
#Hungarian #government would blame anything and anyone (especially the #EU, #Brussels, #Ukraine, #sanctions against #Russia), but themselves.
Behind every Convenience store is an underpaid supply chain. #realwages #fairpay #consume #shop #Auspol2023 #satire #jobs #condition #humanrights #bullshitjobs #capitalocene
