Justin Fabo at Antipodean Macro has published charts on wage growth on Enterprise Bargaining Agreements (EBAs).
The following chart from Fabo shows that “Average annualised wages growth in federal enterprise bargaining agreements (EBAs) lodged for approval with Australia’s Fair Work Commission was was 3.5% in the 4 weeks to 26 July”:
More interestingly, union negotiated EBAs (admittedly limited in number) recorded turbo-charged wage increases of nearly 7%, whereas non-union negotiated EBAs recorded wage growth of around 3.5%:
As shown above, union negotiated EBA wage increases have beaten non-union negotiated EBAs almost every month over the past two years, with the gap widening over the past year.
If you are an Australian worker, it pays to be in a union.
