Wednesday, 13 August 2014
There is a wages break out!
Yesterday the ABS released the
Wage Price Index.
The annual rise is 2.6%. This is the lowest rise since the series started!
We have a wages break out. Stagflation is looming. the NAIRU has risen.Industrial disputes are going through the roof!
What you say that is all incorrect! Wages are behaving as they would in a deregulated economy. Unbelievable. Why would people argue otherwise? Why indeed?
They are either liars or mad or both!
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