More evidence of Australia’s income shock

Friday, 27 November 2015

This time last week, I reported on how Australian workers’ wages are under assault as real wages growth, as measured by the wages price index, has tread water for the past seven quarters (i.e. since December 2013):

And real average weekly earnings growth has turned negative, courtesy of the rotation from high paying jobs (e.g. mining-related) into low paying jobs (e.g. services-related):

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.