Real wage growth 50pc higher than thought: report
The findings clash with the trade union-led narrative that workers have suffered no meaningful real wage growth during the past decade.
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The findings clash with the trade union-led narrative that workers have suffered no meaningful real wage growth during the past decade.
The Reserve Bank of Australia has arguably not faced such political and public scrutiny since at least 1989, when the cash rate hit 17 per cent.
The Australian Financial Review delves into the issue of pay: how it is measured, what’s been happening lately, and why a big jump makes the RBA nervous.
People aged 25 to 39 overtaking Boomers as the largest generation; analysis by former Treasury economist says real pay is not going backwards. Follow updates here.
The international forces driving the inflation of goods, food, energy and housing appear to be unwinding, suggesting prices could fall too.