How far must real incomes fall?

GDP growth parted company from income growth in 1999 – and there's every sign real wages are now set for a decline. How unions behave will make a significant difference for everyone.

An interesting piece of communication dropped into my letterbox yesterday – a survey from a local Labor MP asking residents to tick boxes to register which federal budget measures they were most unhappy about.

There are two ways to read the document, depending on which team you’ve decided to back in our wretchedly tribal political culture.

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