As with other Australian labour market and economic data, wages development also reflect the two-speed developments evident in Australia over recent years. Significant weakness [is] evident in the mining states of Western Australia and Queensland since 2012, but average advertised wages [are] generally rising, though not dramatically, in Australia’s two largest states.
Developments in wages seem to be a significant topic of discussion at the RBA.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
