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The RBA has released a new Bulletin article, entitled Wages Growth by Pay-setting Method, which highlights how wage growth in Australia is universally weak, regardless of the type of agreement:
Regardless of skill level:
Regardless of sector:
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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.