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The impact closed International borders is having on your wage

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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.”

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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Trump officially nominates J.D. Vance to be his Presidential running mate

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Former President Donald Trump has officially nominated J.D. Vance as his running mate for the upcoming presidential election, cementing Vance’s role in the Republican ticket.

J.D. Vance, once a vocal critic of his policies, has been selected by the former President to be his running mate in the upcoming presidential election.

Ticker’s Ahron Young discusses all the latest. #featured #trending

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Esports officially recognised by Olympic officials as they aim to “keep up with digital age”

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Saudi Arabia will host the first official Olympic Esports Games in 2025, in a bid to “keep up with digital age”.

The decision comes amidst growing global interest in esports and the influence and cultural impact of gaming in the digital era.

The event aims to showcase top esports talent and foster international unity through competitive gaming on a global stage.

Emily Leaney discusses all the latest.

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Political left gains ground in France and UK amid rising geopolitical tensions

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France and the UK have seen unexpected political shifts to the left, challenging predictions of a populist right surge.

2024 is the year of the election, and amid uncertainty of the election results, global tensions are rising between each nation.

In the backdrop of economic uncertainties and geopolitical rivalries, each nation’s electoral outcomes could significantly influence global stability and cooperation efforts.

Professor Tim Harcourt from UTS and The Airport Economist joins to discuss. #featured #trending #global view

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