The government has just had legislation passed to achieve real wage increases, but it doesn’t understand that it’s unattainable without a decline in land prices.
These charts suggest an inverse relationship between wages and land prices.
![](https://thedepression.org.au/wp-content/uploads/2022/12/land-wages-709x700.png)
Here’s the explanation:
![](https://thedepression.org.au/wp-content/uploads/2022/12/Land-prices-keep-wages-down.png)
And again:
![](https://thedepression.org.au/wp-content/uploads/2022/12/FORMULA-High-land-prices-low-wages.png)
But unions and government believe real wage increases can be obtained by ‘bargaining’. Good luck with that one!
![](https://thedepression.org.au/wp-content/uploads/2022/12/sad.jpg)