Real wages are shrinking as profits are soaring. But are most businesses really raking it in? - ABC News
8/21/2022 12:00:00 AM2 years 8 months ago
by Michael Janda
by Michael Janda
Workers are getting a record low share of Australia's national income, while company profits surge. But is it just a temporary phenomenon caused by the commodities boom or a deeper structural crisis in our economy?
The government's jobs and skills summit is less than a fortnight away but there is still intense disagreement over exactly what problems actually exist in Australia's labour market. Key points: