Real wages are down - yes.
The impact of record immigration though is not so clear cut. The historical data in Australia shows a positive impact on wages with immigration, on average(*). If you look at it in more detail - there has been a reduction in wages for low skilled jobs, and an increase for higher skilled workers. If immigration programs are poorly targeted, the risk is the continued trend in wealth inequality.
(*) always beware of extrapolating from averages. I once worked for an underwear company that completed a customer that found the average customer had one testicle. The new products that resulted from this research were a massive flop - some customers found them ill-fitting and baggy, others a tad restrictive.
RAC - Charts & Price Action, page-16564
-
- There are more pages in this discussion • 5,404 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.52 |
Change
-0.030(1.94%) |
Mkt cap ! $258.9M | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.50 | $75.34K | 49.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 49256 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |