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Centre for Future Work

A non-partisan centre of excellence, developing timely and practical policy proposals to help make the world of work better for working people and their families.

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  • Home
  • About
    • About CFW
    • About the Director
    • Meet the Team
  • Research
    • Sector Bargaining Clearing House
  • Coverage & Commentary
  • PowerShare
  • Online Learning
    • Debunkers’ Academy
    • Economics for Everyone: How to Cut Through the Jargon
  • Commentary,  Macroeconomics,  Wages

    Inflation is Coming Down – But Interest Rates Have Nothing To Do With It

    April 19, 2023 /

    New inflation data indicates a welcome slowing of inflation. Prices increased by an average of 4.3% over the 12 months ending in March. That’s barely half the year-over-year inflation rate just 9 months ago, in June 2022 (when inflation peaked at 8.1%). Despite this encouraging news, however, there are some important and worrying factors lurking in the weeds...

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    Jim Stanford

Recent Posts

  • Testimony to House of Commons Finance Committee Pre-Budget Hearings
  • On Canadian Unionism, History, and Phony Horse-Races
  • Union Coverage and Inequality in Canada
  • Interrogating the Labour Shortage Hypothesis
  • Short Film Explores Benefits of Workers’ Collective Voice for Workplaces and the Economy

About Us

Read more on our About page.

The Centre for Future Work conducts progressive research on labour issues, with offices in Canada and Australia. In Canada, the Centre works in collaboration with the Canadian Centre for Policy Alternatives. In Australia, the Centre is a project of the Australia Institute.

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Centre for Future Work Follow 8,521 10,201

The Centre for Future Work publishes progressive economic research on work, employment & labour markets. Director Jim Stanford. Project of @TheAusInstitute.

CntrFutureWork
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JimboStanford avatar; Jim Stanford @JimboStanford ·
22 Nov 1727439937220559020

For those fretting over the fed. deficit after yesterday's #FES2023, let's compare to the US. 🇺🇸's fed deficit is 7x bigger (as %GDP) than 🇨🇦's. Their inflation is no different. Their economy's growing robustly with less unemployment, while 🇨🇦 is on edge of recession. #cdnecon /2

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JimboStanford avatar; Jim Stanford @JimboStanford ·
22 Nov 1727382970603073760

Fascinating review by @andy_takagi for @TorontoStar on the growing pay gap between executives & top managers, and wages for the rest of us: . This data doesn't include stock options and other equity-based bonuses; the total income gap is wider. #canlab /2

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10NewsFirst avatar; 10 News First @10NewsFirst ·
22 Nov 1727196716934607152

Unpaid overtime is costing Aussies a whopping $11,000 a year.

According to new research from the @CntrFutureWork, the average worker was losing $425 every fortnight by putting in more work than they’re paid to do.

Researchers found that young workers between the ages of 18 and…

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CPSUTas avatar; The Community & Public Sector Union @CPSUTas ·
22 Nov 1727189127567946028

Good workmates tell each other to go home on time today.

When it doesn't feel possible, good workmates join their union and stick up for safe and manageable workload.

Start small. Start today! Go home on time. Celebrate @GoHomeOnTimeDay! 🥳

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Jim Stanford Follow 27,595 26,399

Economist & Director, Centre for Future Work. He/him. Also Economics Dept. McMaster U.; Hon. Prof. of Political-Economy Sydney U.; author Economics for Everyone

JimboStanford
JimboStanford avatar; Jim Stanford @JimboStanford ·
22h 1730034713090568458

Another self-inflicted wound from knee-jerk monetary austerity. Housing prices have been a leading cause of inflation. To fight inflation the RBA raises int rates. High int rates crush new residential construction activity. Housing supply tanks. Inflation gets worse.

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JimboStanford avatar; Jim Stanford @JimboStanford ·
22h 1730032948643246260

Well done @CPSUnion and allies who have been working so long to expose the rorts and self-dealing of privatised employment services. 🙏🏼 This is a huge step to repairing the damage.

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JimboStanford avatar; Jim Stanford @JimboStanford ·
29 Nov 1730002589507596604

Interesting & timely new report on the many possible formulations of 4-day workweek plans, from Josh Bersin & the fine folks at Work Time Reduction Centre of Excellence (https://worktimereduction.com/). Real world case studies show 4-day schemes pay off: https://joshbersin.com/the-four-day-work-week/. #canlab

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JimboStanford avatar; Jim Stanford @JimboStanford ·
28 Nov 1729627489335726153

* High housing prices are "helping people feel a little bit more wealthy"
* Households are "doing fine" & "managing quite well"
* Households have "large savings buffers" & "they're largely still intact"
* Per capita consumption is falling, but "nevertheless it's strong enough"
/3

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