As predictable as Pauline Hanson’s racism, the commentariat leapt on Thursday’s labour market figures as more evidence of fiscal doom and monetary policy gloom. Michael Pascoe worries that the RBA will too.
Isn’t it great to have an economy where unemployment is low without causing an inflationary wages breakout?
Beware the wages bogeyman – it’s the housing, stupid
by Michael Pascoe
Apparently not, according to the main fishwrappers that greeted the unemployment rate remaining steady at 4.1 per cent in January as a bad
bad thing requiring higher interest rates forthwith.