Here's a fact to make every trade union member weep – those few who remain, anyway.
Jessica Irvine is a senior economics writer for Fairfax Media.
Changes in the workforce have meant that it now takes a much lower jobless rate to create the same inflation pressure.
Beware out there this week, folks. There's a storm a'comin'. An economic data storm, that is. Economists are tipping the good ship 'Oz economy' has hit shallow waters in the first half of 2017.
Despite predictable outrage, the proposed $1.5 billion a year tax on banks is clever policy.
It's not free education and tax-free property windfalls, but new scheme is worth considering.
The Treasurer, Scott Morrison, strayed into some rather silly territory this week in a speech seeking to lay down a new set of markers for the budget, divvying up government debt into "good" and "bad" debt.
State and federal governments are promising action to make property more affordable for first-home buyers. But what would be the best policies?
Believe me, no one is keener than me to see it burst. But sadly, for would-be buyers, I just don't see it happening.
The federal budget has a multibillion-dollar hole in it because successive governments have failed to account for how declining home ownership will force more future retirees onto the aged pension.
It's the economic debate that just won't die, even when it's dead, buried and cremated.