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!