MICHAEL KEATING. This is what policymakers can and can’t do about low wage growth (The Conversation, 17.08.18)
20/08/2018The crisis really is in real wage growth. – Reserve Bank Governor Philip Lowe, 2017
Increased inequality and low wage growth are constraining economic growth. But why is wage growth so low? And how should policymakers respond?
This is a link to Michael Keating’s article in The Conversation.
Michael Keating is a former Secretary of the Departments of Prime Minister and Cabinet, Finance and Employment, and Industrial Relations. He is presently a visiting fellow at the Australian National University.
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Mike
To what degree do you think weak wages growth could be due to ageing populations leading to weak aggregate demand?