Economists at the Victorian Treasury have blamed higher participation from women and older Australians for adding to labour supply and lowering the state’s wage growth:
A team of the department’s economists has found that employment in Victoria is back to pre-global financial crisis levels, but wages growth is way below pre-crash levels.
But underemployment, driven by key demographic changes, with more women in the workforce and older workers staying healthy enough to hold a job for longer, could be helping to holding wages and inflation down…
