Higher wages “still some time away”

16 May 2018

 

Each quarter the Australian Bureau of Statistics (ABS) surveys around 3000 enterprises regarding a sample of jobs in each workplace to measure changes in the price of labour across 18000 jobs. The results are used to construct a wage price index (WPI) in a manner similar to the construction of the Consumer Price Index (CPI). Changes in the WPI over time provide a measure of changes in wages and salaries...

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