Victorian productivity parasite bleeds nation
Advertisement
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 2.8% over the year to September.
Now check out the next chart showing wage growth across Australia’s various public sectors:
Advertisement

The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.