Wages, pay rise, RBA, Donald Trump, Dutton, emissions, science, nanoparticles, cryptocurrency, energy
Is the 3.5 per cent cap on salary increases proposed by the RBA to apply to everyone or just those who can least afford it?
There has been a widening gap over the past 40 years between those at the top and the average worker. In America, the ratio between CEO salaries and the average worker was 31 in 1978, 61 in 1989 and a whopping 351 in 2020. I would expect similar salary inflation in Australia. Like many nations, Australia could set up a sovereign wealth fund, similar to the Future Fund set up by the Howard government.This fund would accumulate by purchasing shares in major Australian companies and begin to earn a dividend, which could then be distributed to all Australian citizens as an annual payment. This idea needs a reforming government.Did US democracy really survive the madness of Donald Trump? Arguably not. At least, not yet.
The discovery by a Australian National University-led team of physicists that certain nanoparticles can alter the behaviour of light is exciting news.
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RBA review won’t see ‘much change’ in monetary policy
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