Higher wages might be the ‘curse’ if they ‘get out of control’

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Sky News Business Editor Ross Greenwood says the “cure” for cost increases – higher wages – might also be the “curse” if they get out of control.

Source: News Formal (newsformal.com)

 

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yes but wage rises are tracking at 50% of inflation Well shit Cletus anything is a concern if it gates out of control ! All things in BALANCE

Instead of the vicious circle of raising wages then raising the cost of living why not just lower it all.

Minimum wage up $2K PA 2022 Albo 3rd month in the job Banks raise interest rates again. Power bills up Gas bills up Petrol up & Albo will put a 23cent Lt tax on petrol Sep Food cost up Time to get another Pay rise.

Oh now it is a problem?

I think a total collapse of the world economy would do the trick

Comes with unemployment.....And the massive household debt makes it worse than Keating's recession he had to have. Wonder if the housing market can withstand it? Only thing propping up the economy.

Recession is the answer

Ross_Greenwood Ross ....A curse for whom?

Liberal party aligned Sky News host... says you must not have a decent living wage. Take a pay cut Ross.

Cool So all those politicians, managers, executives and CEOs that have had massive pay rise, way over the top of inflation should hand it back

Yes we are at historic low wage growth so time to start worrying about wage growth getting out of control

yep i am sure that Ross has declined to accept any and all of his last 5 pay rises

Centrally planned economies always fail. Buy gold and Bitcoin if you want to protect your wealth long term.

Why have we been saying this for three decades now? Who is driving this narrative for three decades now?

Nice spin re slowdown of wage growth in Australia

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