billy blog ... some alternative economic thinking

As the High Court effectively terminated the Federal system yesterday and gave the Federal Government power to control almost anything it wants under the Corporations part of the Constitution, back at the ranch, conditions for workers were deteriorating further. The ABS released its Wage Price Index (WPI) today which confirms that real wages for the average worker are now falling. The following table shows why. The WPI provides data on Total hourly rates of pay excluding bonuses (and the data in the table is seasonally Adjusted). The bottom row in the table shows the Consumer Price Index (  More ...