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Why there's no magic jobless rate to increase Australians' wages

  • Written by The Conversation
Why there's no magic jobless rate to increase Australians' wagesShutterstock

With the official unemployment rate now 4.2% – the lowest since 2008 – Prime Minister Scott Morrison has predicted a rate “with a 3 in front of it this year”. The Reserve Bank of Australia agrees, forecasting unemployment below 4% in coming months.

Many economists have been surprised at how quickly employment has...

Read more: Why there's no magic jobless rate to increase Australians' wages

Understanding the Role of Hydraulic Systems in Modern Industrial Applications

Industrial machinery, manufacturing systems, and heavy equipment rely on powerful mechanisms to move, lift, and control loads efficiently. Among the most widely used technologies in these environments are fluid power systems that use pressurised liquids to transmit force and motion... Read more

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