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Australia COVID: NAB warns businesses could reach end of the line if lockdowns persist
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Australia COVID: NAB warns businesses could reach end of the line if lockdowns persist
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Australia COVID: NAB warns businesses could reach end of the line if lockdowns persist
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Business thinking outside the cube to thrive in the time of COVID
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Mark Davis always believed his company Spacecube would grow beyond its start in the events and hospitality sector.
But the Spacecube chief executive could not have predicted they would be erecting a pop-up COVID hospital in the car park of the Monash Medical Centre in Clayton, in Melbourne’s east, barely a month after the pandemic got serious for Australia.
Mark Davis of Spacecube at the Monash Hospital in Clayton.
Credit:Eddie Jim
Underemployment and wages stagnation threatens COVID recovery, warns economist
Posted
ThuThursday 4
updated
ThuThursday 4
FebFebruary 2021 at 2:23pm
EY s chief economist Jo Masters says stubbornly high underemployment is likely to see real wages fall and hurt the economic recovery.
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A leading economist is warning labour market slack will push your take-home pay lower over the next two years and that could threaten the nascent Australian economic recovery.
Key points:
Wages are expected to grow just 1.25 per cent per annum for the next 18 months
Over the same period, consumer prices are expected to rise 1.5 per cent per annum, meaning workers purchasing power will fall