Philip Lowe, the RBA’s President, warned that the cap on civil servants’ pay was contributing to low wage increases and wanted to raise it to at least 3%. Lowe told a congressional economic committee on Friday that federal and state pay caps of 2 to 2.5 percent are helping to hold down wages by regulating…
Trade minister Simon Birmingham has some advice for his coalition colleagues: think before you speak. In an opinion piece last week Andrew Hastie, a liberal backbench mp, compared China’s rise to Germany’s. “I want to encourage my colleagues, in fact anyone who wants to comment on sensitive diplomatic issues, to think about a few things…
We live in a global urban age. Australia’s major urban areas are expanding rapidly. Melbourne had 91,600 residents in 2014-15, an annual growth rate of 2.1%. It is one of the fastest growing cities in the developed world. Other big Australian cities have also seen rapid growth over the past year – Sydney at 1.7…