Yesterday’s wages data from the ABS was another sour report for Australian workers and the Morrison Government, with falling wage growth once again shattering budget forecasts:
It also follows a long run of Australian household income growth lagging other OECD developed nations:
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However, this unambiguously poor result didn’t stop Treasurer Josh Frydenberg from putting lipstick on a pig, with the L-plate Treasurer declaring that Australia’s labour market “remains strong”:
