Real wages fall further (members)

Wednesday 13 August 2014

As noted earlier, figures released today by the ABS revealed that Australian wages growth fell to the slowest pace on record (1997) in the June quarter, clocking it at only 2.6% (s.a. and trend) over the year:

When adjusted for underlying inflation, annual wages fell for the second consecutive quarter, down 0.2% in the year to June 2014 (see below charts).

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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.