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Could you explain how that supports the point you first made? My reading is that it says more people changed jobs than usual, and noted that changing jobs ofte
by tallytarik 4y ago
Could you explain how that supports the point you first made?
My reading is that it says more people changed jobs than usual, and noted that changing jobs often leads to higher wages (in case I wasn't clear before - I agree!)
It makes no comment about immigration or a significant increase in wages during the pandemic (whether or not related to immigration), which I understand is your argument.
Wage growth in fact dropped significantly in the first year of the pandemic[1], before rising to its highest level in 10 years just recently - coincidentally(?) a year after we opened back up and our migrant arrivals increased significantly[2].
[1] https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release https://www.abs.gov.au/statistics/economy/price-indexes-and-...
[2] https://www.abs.gov.au/statistics/people/population/overseas-migration/latest-release https://www.abs.gov.au/statistics/people/population/overseas...
- defrost 4y agoBoth of you dueling statistics re: Au might be interested the latest quarter figures, characterised by the ABC as: Profits again outstrip wages amid accusations 'corporate Australia is driving inflation' https://www.abc.net.au/news/2023-02-27/wages-rise-but-profits-boom-abs-december-2022/102028990 https://www.abc.net.au/news/2023-02-27/wages-rise-but-profit... (I have no position, just throwing grist to the mill)