Rise in part-time jobs dents wage growth and raises deflation risk; "gig economy" offers flexibility, but less security for workers
Tue, Sep 13, 2016 - 5:50 AM
Spare capacity in the labour market - an underutilisation rate of 14.2% - limits the ability of workers to push for pay rises, and feeds through to muted demand and confidence. If this trend persists, the RBA could be forced to lower rates again after already easing twice this year.
SYDNEY resident Raman Kumar recently lost his job as an electrician after his employer outsourced a big chunk of the work to China to slash costs - and then hired him back as a casual worker.
In June, the 40-year-old signed up as a driver for ride-sharing app Uber to help...