December hourly wages: no joy for employees

22 February 2017

 

If there is a factor behind the cost of goods and services going up, it does not appear to be wages and salaries, at least not on average. For the past five years, the rate of growth of Australian wages and salaries on an hourly basis has been falling. According to the latest December quarter figures published by the Australian Bureau of Statistics (ABS), hourly wages grew by 0.5% in...

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