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The impact closed International borders is having on your wage
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.”
News
U.S. envoys head to Moscow as Ukraine peace talks accelerate
U.S. envoys to meet Putin, signaling a potential shift in Ukraine war diplomacy.
U.S. envoys to meet Putin, signaling a potential shift in Ukraine war diplomacy.
Senior U.S. envoys are preparing to meet Russian President Vladimir Putin as diplomatic efforts around the war in Ukraine gather pace. The visit comes after Russia formally requested high-level talks, signalling a potential shift in momentum.
Special Envoy Steve Witkoff and Jared Kushner are set to travel to Moscow following months of behind-the-scenes discussions. The move underscores Washington’s willingness to engage directly as negotiations enter a more decisive phase.
With global attention fixed on the outcome, the meeting could shape the next chapter of the conflict — and determine whether diplomacy can finally overtake military escalation.
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Trump drops tariff threat after Greenland framework deal
Trump announces Greenland deal, easing tariff threats amid trade tensions, boosting US markets and sparking Arctic diplomacy debate.
Trump announces Greenland deal, easing tariff threats amid trade tensions, boosting US markets and sparking Arctic diplomacy debate.
U.S. President Donald Trump has announced a framework deal involving Greenland, stepping back from earlier threats to impose tariffs on Europe. The shift comes after heightened global concern over trade tensions and geopolitical stability.
The announcement followed Trump’s appearance at the World Economic Forum in Davos and discussions with NATO’s Secretary General.
Denmark’s Foreign Minister has since weighed in, responding to speculation surrounding Greenland’s future and the implications of US involvement.
Markets reacted positively, with US stocks rallying after Trump signalled he would abandon the tariff threats.
While Trump reiterated he would not use force to acquire Greenland, the move has sparked renewed debate about diplomacy, trade, and influence in the Arctic region.
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Coalition cracks deepen as Nationals break ranks over Labor reforms
Nationals senators defy party lines, voting against Labor’s reforms as Coalition faces internal rifts and leadership concerns.
Nationals senators defy party lines, voting against Labor’s reforms as Coalition faces internal rifts and leadership concerns.
A rift has emerged in the Coalition after three Nationals senators crossed the floor to vote against Labor’s post-Bondi hate group reforms, defying party lines and raising questions about their future in the shadow cabinet.
Their proposed amendment calling for greater scrutiny was rejected, and Labor’s legislation passed the Senate 38 votes to 22, cementing the reforms into law despite opposition pushback.
Coalition leadership will meet Wednesday to assess the political fallout, though some MPs consider the issue minor in terms of potential resignations. The incident highlights growing tensions within the party as internal discipline comes under pressure.
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