Janine Dixon and Nhi Tran, economists at the Centre of Policy Studies at Victoria University, have produced research warning that low-skilled workers across Australia risk being left behind, worsening inequality and eventually dragging on the economy. From The AFR:
Modelling by Dr Dixon and Ms Tran shows the real (after inflation) wages of highly-skilled workers such as managers, engineers and doctors have increased by 1.4 per cent a year over the past seven years – 10 per cent in all – while the wages of low-paid workers – cleaners, labourers and sales assistances haven’t increased at all…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
