Category archives for Australian retail sales

Why no wage growth

The headlines say it in different ways but it all boils down to the same thing. Wage growth has stopped. Wages are going backwards when compared to inflation. Wage growth is around 2% whereas inflation is running at 3.1% The government tells us jobs and growth are going ahead in leaps and bounds but wages? […]

Penalty Rates on Sunday

I have just spent about 10 days in Vienna.  Aside from catching the flu, and the freezing temperature it was an interesting visit.  One thing I found is worth talking about.  On Sundays, no shops open other than cafes and restaurants and the odd tourist place.  To my surprise, shops being closed on Sunday did […]

The Retail Downturn

There is a lot of talk about the drop in retail sales in Australia.  Everyone has a view on the retail downturn, but in my opinion there are a range of things happening.  Here are the main ones: Credit Cards.  I am old enough to remember Bankcard which was the first credit card readily available […]