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E33: Wages V Inflation
Manage episode 353988648 series 3394199
When is a raise not a raise? How do you work out what a multi-year pay agreement should do? Why does the government think that young people and people with disabilites have less expensive lives than others?
We dive into the relationship between pay and inflation, looking at how comparison calculations can be done, and what gaps emerge over extended periods of time.
Support the pod on Patreon for bonus episodes, early access, and additional material: https://www.patreon.com/statisticallyinsignificant
References:
World Bank (2022) 'Inflation, consumer prices (annual &)', https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?end=2021&start=2009, accessed 27th Dec 2022.
OECD.Stat (2022) 'Real minimum wages', https://stats.oecd.org/Index.aspx?DataSetCode=RMW, accessed 27th Dec 2022
Australian Bureau of Statistics. (Sep-quarter-2022). Consumer Price Index, Australia. ABS. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/sep-quarter-2022.
Fair Work Commission (2022) 'Annual Wage Review 2022-23', https://www.fwc.gov.au/hearings-decisions/major-cases/annual-wage-reviews/annual-wage-review-2022-23
Fair Work Ombudsman (2022) 'Employees with disability pay rates',
https://www.fairwork.gov.au/pay-and-wages/minimum-wages/employees-with-disability-pay-rates, accessed 28th Dec 2022.
Fair Work Act 2009 (Cth.) https://www.legislation.gov.au/Details/C2022C00341
The video version of this episode is at https://youtu.be/2Czj5mJAg44
If you have a statistic or a chart you'd like us to talk about contact us.
Email: StatisticallyInsignificantPod@protonmail.ch
Twitter: @StatInsigPod
Mastodon: https://mathstodon.xyz/@statisticallyinsignificant
Bart can be found @SnitchinOrwell on Twitter
48 episodes
Manage episode 353988648 series 3394199
When is a raise not a raise? How do you work out what a multi-year pay agreement should do? Why does the government think that young people and people with disabilites have less expensive lives than others?
We dive into the relationship between pay and inflation, looking at how comparison calculations can be done, and what gaps emerge over extended periods of time.
Support the pod on Patreon for bonus episodes, early access, and additional material: https://www.patreon.com/statisticallyinsignificant
References:
World Bank (2022) 'Inflation, consumer prices (annual &)', https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?end=2021&start=2009, accessed 27th Dec 2022.
OECD.Stat (2022) 'Real minimum wages', https://stats.oecd.org/Index.aspx?DataSetCode=RMW, accessed 27th Dec 2022
Australian Bureau of Statistics. (Sep-quarter-2022). Consumer Price Index, Australia. ABS. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/sep-quarter-2022.
Fair Work Commission (2022) 'Annual Wage Review 2022-23', https://www.fwc.gov.au/hearings-decisions/major-cases/annual-wage-reviews/annual-wage-review-2022-23
Fair Work Ombudsman (2022) 'Employees with disability pay rates',
https://www.fairwork.gov.au/pay-and-wages/minimum-wages/employees-with-disability-pay-rates, accessed 28th Dec 2022.
Fair Work Act 2009 (Cth.) https://www.legislation.gov.au/Details/C2022C00341
The video version of this episode is at https://youtu.be/2Czj5mJAg44
If you have a statistic or a chart you'd like us to talk about contact us.
Email: StatisticallyInsignificantPod@protonmail.ch
Twitter: @StatInsigPod
Mastodon: https://mathstodon.xyz/@statisticallyinsignificant
Bart can be found @SnitchinOrwell on Twitter
48 episodes
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