Beware the rotation into low paying jobs

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By Leith van Onselen

Yesterday’s wages price data, released by the ABS, contained mixed news for Australia’s workers.

On the negative side, wages growth was the lowest in the series’ 18 year history:

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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.