Wage growth has “run out of puff”

13 November 2019

 

After unemployment increased and wage growth slowed during the GFC, a resources investment boom prompted a temporary recovery back to nearly 4% per annum. However, from mid-2013 through to the September quarter of 2016, the pace of wage increases slowed until mid-2017 when it began to slowly creep upwards. The latest report on aggregate wages indicates this slow process may be ending. According to the latest wage price index (WPI)...

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