More evidence of Australia’s income shock

Wednesday 23 November 2016

This time last week, I reported on how Australian workers’ wages are under assault as annual wages growth fell to the slowest pace on record (1997) in the September quarter, clocking it at just 1.88% (trend) over the year:

And real wages growth, as measured by the wages price index, has stagnated for the past three years, growing by just 2.0% since September 2013:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.