Buy custom australian labour market current report
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Business
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| Number of pages / Number of words: |
5 / 1157 |
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Inflation, presently sitting at four percent, is a rise in general level of prices and goods and services over time. In ‘Jobless rate not feeding pay hikes’, researcher Dr Clause emphasises that “significant inflationary pressures remain in Australia†and will continue to cause tension. Due to these inflationary pressures along with the increase in interest rates and petrol and the overall cost of living, employees are chasing pay rises...
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Due to these inflationary pressures along with the increase in interest rates and petrol and the overall cost of living, employees are chasing pay rises. One example of this is university academics that are chasing a twenty seven percent pay rise. National Tertiary Education union general secretary, Grahame McCulloch, provided his opinion as he deemed academics not only need a pay rise because of their contribution to the booming tertiary sector but a “pay increase was also important because academics, like all Australians, were facing inflationary pressures, interest rate rises and the continuing cost-of-living pressures...
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