Australian staff had actual wages progress on common within the September quarter — if solely of 0.1%.
Effectively, credit score the place it’s due: Labor stated it could elevate wages progress and, at the least for the three months to September, it has.
Wages progress has been chugging alongside at 0.8% 1 / 4 since mid-2022 — good by Coalition-era requirements, when wage stagnation was a deliberate design function of coverage, however barely as much as the extent when Labor was final in energy, and nonetheless properly beneath inflation. Lastly, within the September quarter, staff on common truly had an increase of their actual wage, albeit 0.1%.
Three massive interventions performed a significant position within the rise, although pleasingly the labour market confirmed some indicators of what you would possibly time period “natural” progress.
Learn extra a few small however welcome bump in wages.
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