While Australians across the private sector are losing jobs at an alarming rate, they are also suffering the biggest cuts in wages.
Yesterday’s wage price index from the Australian Bureau of Statistics (ABS) showed wage growth in the private sector plummeting to a record low 0.1% in the June quarter, versus 0.6% growth across the public sector:
In the year to June 2020, private sector wages grew by a record low 1.7%, well below the public sector’s 2.1%:
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