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    Wednesday 16 September 2015, 6:00 am

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    executives who are able to negotiate very high levels of compensation. middle class, defined in this instance as households with incomes from $35,000 to $100,000, shrank, as more of them fell to lower incomes. households were in the middle class; today, only about 40% are in that category, according to the New York Times. These phenomena call into question previous ideas in economics. productivity does not necessarily lead to higher wages for the average worker, says Janice Bellace, Wharton professor of legal studies and business ethics. else has to happen for the gains to be distributed evenly. Since 2010, productivity across G20 countries started rising from the recession slump, but wages stayed stagnant, according to the OECD report. Indeed, says Capelli, increases don have to be shared with labor. Who gets it all depends who has the bargaining power, and labor hasn had it. his book, Piketty takes a shot at the late Nobel Prize winning economist and former Wharton professor Simon Kuznets

    union is under siege amid a record $3.55m payout, a push for deregistration and damaging allegations including of unlawful conduct at a Brisbane worksite. ‘I was ecstatic when I heard he was dead’THE grandfather of Australian terrorist Khaled Sharrouf’s children has declared today a ‘good day’ after hearing news Sharrouf and fellow Islamic State fighter Mohamed Elomar might be dead after a drone strike in Iraq. Passenger falls 10m out of dangling carIT was a scene straight from a Hollywood action film. A luxury car dangling precariously from a bridge as it’s occupants tried desperately to escape before it plummeted to the railway tracks metres below. Sydney women have given their reaction. Western Sydney just not ‘trendy’ enoughYOUNG househunters complain they can’t afford to get on the property ladder, but they could if they
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