Wages aren’t rising fast enough to keep up with inflation, and it means that many workers are actually falling behind.
At the same time, the corporate profit share is going up – it's now at a record 31 per cent of Australia’s national income.
These are the stakes for next week’s national job summit, where businesses, unions and economic experts will sit down with the new government to make their case for changes to our jobs, workplaces and our pay.
Today, executive director of the Australia Institute Richard Denniss on how Australian wages stagnated… and what the federal government could be doing to fix that.
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Guest: Executive director of the Australia Institute, Richard Denniss.
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