Aussie wage growth collapses to new low

The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the September quarter of 2020, which reveals that wage growth has plunged to fresh lows:

According to the ABS, wages grew by just 0.07% in the September quarter. Private sector wages grew by only 0.08% over the quarter, whereas public sector wages grew by 0.22%.

There are 837 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.