Goldman: RBA to hike in Feb as wages surge

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Via Bloomie:

Woolies’ warehouse workers are preparing to walk off the job to demand higher wages and greater job security, in a sign that a strengthening labour market could be emboldening employees.

…”This could be a canary in the coal mine,” said Andrew Boak, chief economist for Australia at Goldman Sachs.

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About the author
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.