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The risk of another 1937

This blog regularly talks about profits, and seeks to explain why understanding profits is so important to truly understand what is happening in economies, both national and global.

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The Annual Wage Review is deliberately anti-democratic

Last week the Fair Work Commission (FWC) handed down a 3.75 % increase, starting from July 1st, for the national minimum wage (NMW) for 2023-4 and the minimum rates for all classifications in 121 indu


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