I'll be reporting to you in a paradox

Flat Wages Lead to Calls for Higher Productivity…Again

Work smarter. Work harder. Earn more.

That’s the idea anyhow. One the Reserve Bank of Australia believes federal politicians can help push to finally see some real wage growth return for Australian workers. Which leads to the obvious question: What do politicians know about productivity?

But nonetheless, RBA Governor Philip Lowe is urging federal politicians to solidify the nation’s productivity keeps rising.

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Work harder, says RBA boss

He told a federal parliamentary committee hearing in Sydney on Wednesday,

From a longer-term perspective … the key to boosting the real income of households is lifting productivity.

I encourage you to keep examining ways to do this.

In the meantime, Lowe has urged people to be patient in awaiting higher wages — acknowledging the process has been taking longer than expecting.

There is a pick up of wage growth taking place … it hasn’t been a marked pick up, but it is actually gradually picking up,’ he said.

The frustration that I have and many others have is that it’s taking longer than it used to.

He also stressed that the trend is not unique to Australia.

Increased wages on the horizon?

AAP reports that Dr Lowe said that employers are less likely to increase people’s wages when there is such high competition in a workplace, and globalisation has fostered such ‘perceptions of competition and uncertainty’.

This phenomena we’re talking about is a global one. It’s in almost every advanced economy.

Ah, the benefits of globalisation just keep on pouring in.

Free Report: Jason Stevenson exposes the ‘man made global warming’ hoax that we’ve been fed by the funding-hungry scientists — and reveals what could be in store for the next 20–30 years.

The Australian Tribune Editorial

The Australian Tribune Editorial

The Australian Tribune is an unorthodox news service. Your Australian Tribune editorial team deliver the unfiltered stories that could impact your daily life — political and economic stories you’re unlikely to get anywhere else. And we’re not afraid to step on some toes to do it. We are honest, conservative and never dull. We are an independent service, meaning we don’t answer to shareholders or outside advertisers. This helps avoid conflicts of interest that inhibit mainstream sources, which keeps our voice independent. The Australian Tribune is owned and operated by Port Phillip Publishing.
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