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Australia: Minimum wage increased almost every year

Australia: Minimum wage increased almost every year

Highest minimum wage in Australia - OECD Australia has the highest minimum wage in the developed world, according to the Organization for Economic Co-operation and Development (OECD). Its after-tax rate of $9.54 per hour is followed by Luxembourg with $9.24 and Belgium with $8.57. "They have a high minimum wage. And interestingly... 

Property investment can’t help fight income inequality

Property investment can’t help fight income inequality

I was surprised to read that real estate developer City Developments (CDL) suggested that property investment could help fight income inequality ("CDL: Property investment can help narrow income gap"; last Thursday). It seems that CDL, like most developers, is hoping that the Government will tweak its property cooling measures... 

China’s factory activity contracts for third month

China’s factory activity contracts for third month

(Photo: Getty Images) (20 May) - China's manufacturing sector contracted for a third straight month in May as output shrank at the fastest rate in a year, a private survey showed on Thursday. The HSBC flash Purchasing Managers' Index (PMI) came in at 49.1, weaker than the 49.3 print forecast by Reuters but better than the 48.9... 



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