Victoria is Australia’s leading productivity parasite

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Check out the below chart from yesterday’s June quarter wage data from the ABS:

As you can see, Victoria is way out in front on wage growth, recording wage rises of 2.9% over the year to June.

Now check out the next chart showing wage growth across Australia’s various public sectors:

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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.