Published: November 25, 2019
The bank’s deputy governor says rising participation rates have blunted wage growth
Pay rises of between 2-3% are “the new normal” due to higher participation rates but wage rises are unlikely to fall further, Reserve Bank deputy governor Guy Debelle has said.
In a speech to the Australian Council of Social Services conference on Tuesday, Debelle revealed that 80% of firms believe wage growth will be “stable” in the next year, with only 10% anticipating stronger growth.
Continue reading...from The Guardian https://ift.tt/34qYI7q
via
0 Comments