Yesterday’s wages price index released by the ABS revealed a softening of annual wages growth to just 2.1%:
When adjusted for underlying inflation, real wages increased by a measly 0.2% in the year to June:
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Real private sector wages stuck in the donut zone
Leith van Onselen
Thursday 16 August 2018
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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.
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