Aussie households getting poorer and then some

Wednesday 17 May 2017

Yesterday’s wages price index released by the ABS revealed that wages growth across the nation hit another all-time low 1.88%, with private sector workers (1.71% growth) faring much worse than their public sector counterparts (+2.32%):

The news was better when adjusted for underlying (core) inflation, with annual wages growth rising 0.1% in the year to March in trend terms, courtesy of weak inflation:

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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.