Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine | Grogonomics
Wages are not growing out of control and the labour market is not ‘tight’ Get our breaking news email , free app or daily news podcast Excuse me while I sadly cross off another three months on my “waiting for a wages breakout” calendar. Before I get to the wages figures, may I pause to note that this month NAB reported a 5% increase in its profits compared with last year, CBA reported a 7%…
We haven't written up this one. The Guardian Australia has the full story — the link below goes straight to it.
