Wage Growth

Wage Growth

Wage growth is at an all time low... Australia is experiencing its longest period of low earnings growth since the early 1990s, according the RBA's latest monetary policy statement. It says average earnings per hour, "which incorporates a wider range of labour income payments and captures changes in the composition of employment, have been little changed over the year." While the wage price index increased by just 0.6% in the June quarter, the 2.3% growth over the year was the lowest annual rise since the index was
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