A new report highlights the staggering truth about wage inequality in Australia. Here’s what we need to do better

Comments

• sola@aussie.zone ⁨1⁩ ⁨month⁩ ago

  Coincidentally I asked Gemmi yesterday to give some modern economic theories where productivity can increase without suppressing wages. It couldn’t!

  In some ways expectations are probably too high as post world war low inequality appears to be a historical anomaly and nothing we are going back too as currently countries are competitive for capital and not cooperative enough to stop capital following exploitation.

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  • Lodespawn@aussie.zone ⁨1⁩ ⁨month⁩ ago

    I just asked copilot to do the same thing and it listed classical and neo-classical groth theories and the solow growth model …

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    • sola@aussie.zone ⁨1⁩ ⁨month⁩ ago

      I only got the Efficient Wage Theory for Gemini 2.5 pro and from the description I wasn’t convinced of it’s application to reality.

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    • Lodespawn@aussie.zone ⁨1⁩ ⁨month⁩ ago

      Also Efficient Wage Theory, Endogenous Growth Theory, Post Keynesian Wage-Led Growth Models, Institutional Economics and Monopsony Models with Policy Intervention

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