Real wages are down

Why did the RBA raise rates?

Coles in court

One TRILLION dollars

Wages aren’t driving higher inflation, so why do workers always seem to cop the blame?

On this episode of Dollars & Sense, Greg and Angus discuss why Coles is in court over its pricing, whether it’s time to panic with government debt set to hit $1 trillion, and the role of corporate profits in driving inflation.

This discussion was recorded on Wednesday 18 February 2026.

What we owe the water: It's time for a fossil fuel treaty by Kumi Naidoo, is available now for just $19.95. Use the code 'PODVP' at checkout to get free shipping.

You can also subscribe to the Vantage Point series to get four essays a year on some of the most pressing issues facing Australia and the world.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Angus Blackman, Executive Producer, the Australia Institute // @angusrb

Show notes:

As real wage growth falls again, Australian workers must feel the economy is rigged against them by Greg Jericho, Guardian Australia (February 2026)

Joseph Stiglitz on super profits, capital gains and why corporate tax is good for democracy, Follow the Money, the Australia Institute (February 2026)

Corporate profits increase inflation, the Australia Institute (December 2024)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.

Wages aren&rsquo;t driving higher inflation, so why do workers always seem to cop the blame?
On this episode of Dollars &amp; Sense, Greg and Angus discuss why Coles is in court over its pricing, whether it&rsquo;s time to panic with government debt set to hit $1 trillion, and the role of corporate profits in driving inflation.
This discussion was recorded on Wednesday 18 February 2026.
<a href="https://australiainstitute.org.au/store/what-we-owe-the-water-vantage-point-issue-4">What we owe the water: It's time for a fossil fuel treaty by Kumi Naidoo</a>, is available now for just $19.95. Use the code 'PODVP' at checkout to get free shipping.
You can also <a href="https://australiainstitute.org.au/store/vantage-point-subscription">subscribe to the Vantage Point series</a> to get four essays a year on some of the most pressing issues facing Australia and the world.
Host:&nbsp;Greg Jericho, Chief Economist, the Australia Institute // <a href="https://bsky.app/profile/grogsgamut.bsky.social">@grogsgamut</a>
Host:&nbsp;Angus Blackman, Executive Producer, the Australia Institute // <a href="https://bsky.app/profile/angusrb.bsky.social">@angusrb</a>
Show notes:
<a href="https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economy">As real wage growth falls again, Australian workers must feel the economy is rigged against them</a> by Greg Jericho, Guardian Australia (February 2026)
<a href="https://australiainstitute.org.au/post/joseph-stiglitz-on-super-profits-capital-gains-and-why-corporate-tax-is-good-for-democracy/">Joseph Stiglitz on super profits, capital gains and why corporate tax is good for democracy</a>, Follow the Money, the Australia Institute (February 2026)
<a href="https://australiainstitute.org.au/post/corporate-profits-increase-inflation/">Corporate profits increase inflation</a>, the Australia Institute (December 2024)
Theme music:&nbsp;Blue Dot Sessions
We&rsquo;d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to <a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>.

Dollars & Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host with Greg Jericho, Chief Economist at the Australia Institute and author of Guardian Australia's Grogonomics column.

Presented by the Australia Institute.

Dollars &amp; Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host with Greg Jericho, Chief Economist at the Australia Institute and author of Guardian Australia's Grogonomics column.
Presented by the Australia Institute.

Dollars & Sense

Wages aren’t driving higher inflation, so why do workers always seem to cop the blame?