Afer a decade of going backwards, unions file for pay rises

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Unions covering workers in sectors such as public hospitals, construction and hospitality are looking at wage claims of between 5% and 6%, with their members no longer happy with 3% pay rises.

Their call comes amid suggestions that consumer price inflation will rise to 5% cent by June, although it is expected to ease in the second half of 2022. The hope that inflation will recede is one argument being mounted by employers against such high wage claims, along with the contention that they would hamper Australia’s economic recovery.

From The AFR:

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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.