SEEK: Wages growth collapsing

Sunday 21 May 2023

SEEK’s Advertised Salary Index is out today and is bad news for workers.

NATIONAL ADVERTISED SALARY TRENDS

• Advertised salaries rose by 4.8% in the year to April 2023.
• Year-on-year (y/y) growth is very strong, but there has been more modest growth in the past six months in particular.
• Advertised salary growth continues to lags inflation.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.