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The Attorney-General’s Department’s latest bargaining trends report for the December quarter of 2020 reveals enterprise bargaining agreements (EBAs) approved at the end of 2020 averaged pay rises of just 2.2%, the equal lowest increase in 29 years.
Average EBA wage increases fell sharply in Q4 2020.
Pay increases in public sector agreements fell below 2% for the first time ever, while pay rises in union agreements fell behind increases in non-union agreements for the second time in the past four quarters.
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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.
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