Wages oh dear: Enterprise Bargaining Agreements hit all-time lows

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New data from the Dept of Employment:

Overall wages growth under federal enterprise agreements – June quarter 2017 (Tables 1 and 2 of the Trends report)

 The average annualised wage increase (AAWI) for federal enterprise agreements approved in the June quarter 2017 was 2.6 per cent, down from 2.7 per cent in the March quarter 2017 and down from 3.0 per cent in the June quarter 2016 – see Note 1 at the end of this summary.

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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.