Australia goes from leader to laggard on wage growth

Advertisement

Prime Minister Anthony Albanese was busy talking up Wednesday’s wage price data from the Australian Bureau of Statistics (ABS) which finally eked out positive real growth:

Anthony Albanese Tweet

Shadow Home Affairs Minister, James Paterson, hit back claiming that Australians are “substantially worse off” under the Labor government.

Both are full of it.

Advertisement
Australian real wages

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.