Why is everything so expensive? And will a wage increase just make it worse? New research shows that only a trivial portion of Australia’s inflation has come from wages this year, while rising prices continue to drive not just inflation, but profits to record highs.
This was recorded on Tuesday 26th July 2022 and things may have changed since recording.
The Australia Institute // @theausinstituteHost: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennettGuest: Richard Denniss, Chief Economist at the Australia Institute // @RDNS_TAIProducer: Jennifer Macey // @jennifermaceyEdited by: Mikayla McGuirck-ScolaroTheme Music: Pulse and Thrum; additional music by Blue Dot Sessions

<div>Why is everything so expensive? And will a wage increase just make it worse? New research shows that only a trivial portion of Australia’s inflation has come from wages this year, while rising prices continue to drive not just inflation, but profits to record highs.</div><div><br></div><div>This was recorded on Tuesday 26th July 2022 and things may have changed since recording.</div><div><br></div><div><a href="http://australiainstitute.org.au/" target="_blank">The Australia Institute</a> // <a href="http://twitter.com/theausinstitute" target="_blank">@theausinstitute</a></div><div><b>Host:</b> Ebony Bennett, Deputy Director, the Australia Institute // <a href="http://twitter.com/ebony_bennett" target="_blank">@ebony_bennett</a></div><div><b>Guest: </b>Richard Denniss, Chief Economist at the Australia Institute // <a href="https://twitter.com/RDNS_TAI" target="_blank">@RDNS_TAI</a></div><div><b>Producer:</b> Jennifer Macey // <a href="https://twitter.com/jennifermacey" target="_blank">@jennifermacey</a></div><div><b>Edited by:</b> Mikayla McGuirck-Scolaro</div><div><b>Theme Music:</b> Pulse and Thrum; additional music by Blue Dot Sessions</div>

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Why is everything so expensive? And will a wage increase just make it worse? New research shows that only a trivial portion of...

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