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Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine | Grogonomics

One Place News
Opinion & Analysis
August 19, 2026
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Wages are not growing out of control and the labour market is not ‘tight’

Excuse me while I sadly cross off another three months on my “waiting for a wages breakout” calendar.

Before I get to the wages figures, may I pause to note that this month NAB reported a 5% increase in its profits compared with last year, CBA reported a 7% increase in its cash profit, BHP reported annual profit growth of 9% and Rio Tinto recorded a 47% profit increase in the first half of this year.

One Place News

One Place News
Opinion & Analysis
August 25, 2026
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States can build America's affordable energy future

Former Washington Gov. Jay Inslee argues that state governments must leverage their regulatory authority to advance affordable clean energy initiatives to counter the Trump administration’s federal opposition.