«We need to be persistent and patient and prudent, because we're not there
yet,» Draghi said, referring to the fact that EU
inflation and
wage growth have been disappointingly slow, despite the bloc's economic recovery since the financial crisis.
Yet, the report says the median annual
wage has actually declined by six per cent in real terms (adjusted for
inflation) since 1976 and has only increased by eight per cent overall since 1996.
While the BCA has not
yet made a submission to the Fair Work Commission's Annual
Wage Review, which sets the country's minimum wage, Australia's peak employer body, the Australian Industry Group, wants the minimum wage increased 1.8 % this financial year, arguing inflation remains weak and that businesses are struggling with a recent rise in energy co
Wage Review, which sets the country's minimum
wage, Australia's peak employer body, the Australian Industry Group, wants the minimum wage increased 1.8 % this financial year, arguing inflation remains weak and that businesses are struggling with a recent rise in energy co
wage, Australia's peak employer body, the Australian Industry Group, wants the minimum
wage increased 1.8 % this financial year, arguing inflation remains weak and that businesses are struggling with a recent rise in energy co
wage increased 1.8 % this financial year, arguing
inflation remains weak and that businesses are struggling with a recent rise in energy costs.