SEEK wage growth stone dead

Tuesday 23 April 2024

More evidence of the end of the labour boom today from SEEK as wage growth dies with three straight months of 0.2%:

Year on year has to chew through the Fair Work boost of mid-last year but it is trading on borrowed time before collapsing below 3%:

Immigration maniac Matt Cowgill is now spinning fairy tales to avoid the obvious outcome of his own lunatic population policies:

Well done, worker champion, Matt. Wage growth is dead.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.