News

The impact closed International borders is having on your wage

Published

3 years ago

June 18, 2021

Australia’s Reserve Bank Governor has voiced concerns about the country’s closed international borders and the impact this is having on the local labour market.

The governor’s concerns centre around the fact that Australia cannot “tap global labour markets”, meaning there are increasing worker shortages in a number of sectors.

This is starting to result in pockets of wage increases in the economy, which is worrying business owners.

The governor says prior to the pandemic “if there was very strong demand for workers with a particular skill, the wage didn’t really move very much.. because you could go and get workers overseas.”

However, despite the lack of global talent, employers are still broadly trying to avoid any wage growth.

The governor says that “even in those pockets where firms are finding it hardest to hire workers… wage increases are mostly modest.”

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Money

Why “stagflation” will be the greatest financial threat of 2024

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17 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

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Will Tesla’s supercharger layoffs eventually payoff?

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Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

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TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity