EBAs signal more wage pain for Australian workers

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The Attorney General’s Department has released its Trends in Federal Enterprise Bargaining Report for the June quarter of 2019, which reveals that private sector wage growth declined.

Specifically, wage increases in new private sector agreements fell from 2.9% to 2.8% in the June quarter:

By contrast, wage increases in new public sector wages rose by 0.2% to 2.6% in the June quarter, with total wage growth remaining flat at 2.7%.

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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.