leftwing logo by Lizzehhhh Left Wing
Where science talks and bullshit walks (and Memes live)

Company profits surge as wages fall


Official data show wages going backwards while company profits surged at the end of last year, with mining and construction leading the trend.

Bureau of Statistics business indicators data for the December quarter show a massive 20.1 per cent surge in profits over the quarter, while wages fell 0.5 per cent.

The mining sector led the profit surge, with earnings up 50 per cent on a massive rebound in commodity prices.



Tags: leftwing.info, leftwing, news, australia, politics, political commentary, labor, Politics, Coal, Mining, Solar, Wind, Australia, Renewables, Globalisation
Adani Carmichael coal mine: Former Indian minister sounds alarm on Adani's track record, mega-mine's viability
$2.5bn on a coal-fired power station? That's good old pork barrelling
Glencore's McArthur River Mine pays zero royalties once again; NT considers changes
Nationals call on Federal Government to phase out renewable energy subsidies
Power Giant Urges Australia to Exclude Coal in Its Clean Target
The cynical and dishonest denial of climate change has to end: it's time for leadership
13 ways Frydenberg sold 'climate policy' to coal-loving MPs
CSIRO, Energy Networks Australia lay out roadmap for emissions-free future
Renewable energy target of 50pc reached early in South Australia
Cyclone Debbie hits Queensland farmers hard, hundreds of millions in crops lost
All Articles

Contact gfresh dot redshift at gmail dot com