The boom in Adelaide bureaucrats

Friday 20 June 2025

The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower.

I expect the fade to continue as the immigration-led labour market expansion economic model does its thing.

I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via the public sector and better Fair Work outcomes.

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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.