Re:Analysis finds Australia’s inflation being driven by comp...
by defrost on Monday February 27, 2023 @01:35AM
(#34953709)
Both 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-profit...
(I have no position, just throwing grist to the mill)
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-...
[2] https://www.abs.gov.au/statistics/people/population/overseas...