Aussie wages have slowed much more than other developed economies

Tuesday, 10 July 2018

We’re often told that the Australian wage growth slowdown is a global phenomenon. It is. But there’s quite a lot of divergence and it is much worse here, via the OECD:

Up there with the PIIGS, noice.

Aussie wages growth is slowing much faster than other developed economies despite reasonable unemployment:

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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.