Editor's note

Despite bullish, and what some say are laughable forecasts in the budget, wage growth in Australia is the lowest it has been since the mid 1990s. With those on low incomes struggling to get by, consumer confidence subdued, and no end in sight to the housing affordability crisis, Richard Holden’s weekly economics wrap delivers a post-budget reality check.

Meanwhile, Michelle Grattan says one of Australia’s biggest problems in the post mining boom years has been and continues to be the behaviour of our politicians. A combination of their incompetence and expediency has let down the country in the task of fixing up the budget.

And on a lighter note, Sarah Kanake has some good news for anyone who has ever lamented the lack of strong female leads in children’s picture books. There has been a publishing revolution, she writes, with female adventurers, athletes, rebels, scientists and spies nudging out the clichéd princesses of old.

Charis Palmer

Deputy Editor

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Pay packets rose just 0.5% in the first quarter. bradleypjohnson/Flickr

Vital Signs: dismal wages growth makes a joke of budget forecasts

Richard Holden, UNSW

The government's best ideas for how to grow wages and incomes do not inspire confidence.

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  • We don't have a gas shortfall worth worrying about

    Dylan McConnell, University of Melbourne

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