A new report suggests that inflation has been largely driven by excess company profit growth, and that the focus on a wage price spiral is misleading.
This discussion in already running in other countries, including the US and NZ.
Perhaps the RBA’s over focus on wage growth (and their poor forward estimates of future wages growth) are part of the problem.
Seem to me, the pro-corporate focus of regulators and Government is doing us a great disservice, with significant damage to society and core values.
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