Advertisement
Today’s wages data, released by the ABS, once again highlighted the sharp slowdown underway across Australia’s resources industry.
Wages growth for workers in mining extraction was just 2.1% in the year to September 2015, well below the heady days of the 2000s commodity price boom, and below the national average wages growth of 2.26% (see next chart).
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.