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Don’t believe anyone – not even a governor of the Reserve Bank – trying to tell you the increase in minimum award wages is anything other than good news for the lowest-paid quarter of wage earners.
There is one issue that stands head and shoulders above the rest as Philip Lowe's greatest threat in the battle to control inflation, writes business editor Ian Verrender.
Don’t believe anyone – not even a governor of the Reserve Bank – trying to tell you the increase in minimum award wages is anything other than good news for the lowest-paid quarter of wage earners.
Australian shares are set to rise 1 per cent, bolstered by a broadening US rally. Tuesday’s rate decision looms. GDP partials at 11.30am AEST. GDP on Wednesday.
Bursting the bureaucracy bubble.