Page 4 - Peter Downes News Today

The findings clash with the trade union-led narrative that workers have suffered no meaningful real wage growth during the past decade.

The Reserve Bank of Australia has arguably not faced such political and public scrutiny since at least 1989, when the cash rate hit 17 per cent.

The Australian Financial Review delves into the issue of pay: how it is measured, what’s been happening lately, and why a big jump makes the RBA nervous.

People aged 25 to 39 overtaking Boomers as the largest generation; analysis by former Treasury economist says real pay is not going backwards. Follow updates here.

The international forces driving the inflation of goods, food, energy and housing appear to be unwinding, suggesting prices could fall too.

The Coalition’s unimplemented gas profits tax review gives the Albanese government an option to extract more revenue from energy companies, should it want to.

Incomes would be $32,000 lower and budget debt $500 billion higher over the long term if heroic productivity growth assumptions fail to materialise, Treasury says.

Tax breaks for superannuation, housing, stocks and trusts are costing the budget tens of billions a year, according to the Treasury.

The RBA will soon begin raising interest rates, either next week or in early June, but the central bank won’t stop at just one increase in the cash rate.

There are some points in RBA history when a small change signals a profound shift in the bank’s thinking. The April 2022 board meeting was one such moment.