The Australian sharemarket remained in the red throughout the day on Wednesday,marking the index’s third consecutive day trading lower.
After years of wage rises lagging behind inflation,they rose more than inflation in the year to September – but wage increases have already started to slow.
Premier Chris Minns says the demand for a 15 per cent,one-year pay rise is unfeasible unless other savings were found.
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Wages have grown more than inflation for the third quarter in a row as jobs in the public sector posted the highest pay increase for the June quarter in 12 years.
International public servants in Paris have reminded us that Australia’s real wages are too low. So why is the RBA so worried about continued high inflation?
Employees covered by EBAs are lucky enough to receive a guaranteed annual wage increase. Just don’t call it a “pay rise”.
Incomes soared in some of the best-paid parts of the country at the end of the pandemic,while landlords enjoyed record profits on their investments.
Unions have vowed to use the minimum wage rise to push for higher pay in industries dominated by women as the Fair Work Commission announced a review into pay equity.