Australia has entered a lost decade (members)

Thursday 14 August 2014

Another month of Australian data is out and it has exposed very precisely the big picture adjustment that we face for a very long time to come.

The fall in incomes revealed in this week’s wage price index and average weekly earnings releases from the Australian Bureau of Statistics (ABS) were a harbinger of what is in stall for Australia over the remainder of this decade.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.