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David Hetherington from the progressive think tank, Per Capita, has released a new paper arguing that Australian households face the biggest hit to living standards in a generation as their earnings power diminishes as the biggest commodity price and mining investment boom in the nation’s history unwinds:
Nominal wage growth is slowing quickly. Real wages have actually fallen.
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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.
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