Published: August 18, 2021
Government policy, including limiting public service workers’ pay rise, is contributing to the poor growth
Australia’s terrible wages growth of just 0.4% in the June quarter despite unemployment falling below 5% has dashed any hopes that wages will be growing back above 3% anytime soon. It highlights the complete triumph of governments around the country aiming to keep wages low.
The latest wages price figures released on Wednesday by the Australian Bureau of Statistics might be the most disconcerting economic data for some time.
Continue reading...from The Guardian https://ift.tt/3iUrozg
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