Australian households’ ten year wage recession

The September quarter Business Indicators report was released by the ABS, which includes aggregate wages & salaries data, namely “gross earnings before taxation and other deductions” and “includes provisions for employee entitlements”.

In order to get a better sense of how Australian workers are faring, I have deflated this aggregate nominal wages & salaries data to real values (using the consumer price index) and real per capita values (using the latest population data).

Below are the charts presented in index form since the series’ inception in March 2001.

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