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As noted on Tuesday, the Fair Work Commission (FWC) released data showing the average wage increase for enterprise agreements filed between July 29 and August 11 was 4.4%, which is tied for the largest increase so far this year.
In addition, wage increases averaged above 4% for the first time ever over a period of two consecutive fortnights:
This data, alongside the 5.75% increase in minimum and award wages from 1 July, suggests the September quarter wage price increase should record a solid bounce.
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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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