Posts tagged "real wages"

Australian households are suffering under the sharpest decline in purchasing power on record as “sluggish” wages growth continues to lag behind skyrocketing prices for everyday essentials.

Jim Chalmers has spent three days with Treasury secretary Dr Steven Kennedy poring over the so-called ‘red book’ brief to discuss the economic lay of the land.

The Wage Price Index is now showing the worst performance ever compared with the Consumer Price Index, providing concrete evidence that the buying power of wages is shrinking.

The RBA thinks we're heading for the same rut of low wages growth as before the pandemic. That leaves workers behind and unlikely to catch up for a long time.