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New data from the Attorney’s General Department (AGD) shows that 1.24 million workers in Australia’s private sector are now covered by enterprise agreements, down from 1.44 million a year ago.
Just 10.9% of private sector workers now have enterprise agreements, compared with about 25% in 2010.
Specifically, wage increases in new private sector agreements has remained steady at 2.6% for the last three 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.