RBA crushes wages in currency subsidiary

Monday, 13 August 2018

Ah yes, RBA wages virtue signalling. Previously:

In June, Reserve Bank governor Philip Lowe issued an extraordinary call to workers: rise up and demand pay rises.

“The crisis really is in real wage growth,” he said. “Western workers feel like they cannot get a pay rise.”

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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.