Charting the great Australian wages recession

Thursday, 6 December 2018

Yesterday’s national accounts release for the September quarter revealed more dire news for Australian workers, with average compensation per employee falling to just 1.2% growth:

And average compensation per employees falling by 4.7% since March 2012 when adjusted for inflation:

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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.