Category: Productivity
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Michael Pascoe: Speech exhibits RBA clueless on employment
You may depend on the Reserve Financial institution to overlook or downplay a significant factor or two when it strays into what’s really taking place in Australia, as demonstrated on Tuesday by the Deputy Governor in a speech titled Reaching Full Employment. Having lastly achieved full employment for the primary time in half a century,…
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Don’t blame employees for falling productiveness – we’re not those holding it again
All of a sudden Australians are being advised we have to produce extra if we would like our wages to merely sustain with inflation. Reserve Financial institution governor Philip Lowe has begun referring to “productiveness” in every assertion he makes after each Reserve Financial institution board assembly. Whereas up to now he has solely mentioned…
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Alan Kohler: Why the RBA thinks if there should be a recession, there shall be a recession
Reserve Financial institution governor Philip Lowe advised the Senate Economics Committee on Wednesday that we will’t have actual wages development with out productiveness development. The implication of what he mentioned is that except productiveness improves quick, there should be a recession to deliver wages and inflation down, which was given extra drive by Wednesday’s improve…