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Australians have suffered their sharpest collapse in real wages in living memory, with real wages tracking at December 2011 levels and the Reserve Bank of Australia (RBA) not forecasting a recovery in the medium term.
Research by the Australian Human Resources Institute (AHRI) shows that employee turnover has fallen from 15.2% in the December 2025 quarter to 13.5% in the June quarter:
Chart by The Australian
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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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