Since 2006, the Governor of the RBA has given a speech to the Anika Foundation. These annual speeches have typically focused on longer term issues but they are capable of addressing issues which may have current relevance. In this year’s speech, RBA chief Philip Lowe discussed labour market issues.
There were three main parts to the speech; employment trends, slow wages growth and the policy implications of each.
Employment trends
“Over the medium term, two trends in particular stand out. The first is the growth of part-time employment…”