GDP figures, wages growth and consumer spending; Foreign Interference, Energy - ABC NEWS WEEKEND...
June 09, 2018
Increased profits aren't flowing through to wages. We have got stagnant wages. In fact wages are almost going backwards in some sectors. In the National Accounts figures, household consumer spending went up a miserly 0.2%. Households aren't spending because they are not getting the wage increases that would normally be associated with 3% annual economic growth, and for the first time in Australian economic history, more than half the workforce...
Read More