Wednesday, 19 August 2020

What wages growth in the Australian private sector looked like over the last 20 years


It is noticeable that in the Abbott-Turnbull- Morrison Coalition Government years 2014-2020 private sector wages growth slows markedly.



Graphs: The Guardian, 16 August 2020

Reserve Bank of Australia (RBA), Bulletin- June 2019:
The low wages growth in recent years has contributed to a decline in the growth of household disposable income and consumption, and has been associated with a decline in inflation….. government policies have capped wages growth in most public sector EBAs, while delays in renegotiating some EBAs have resulted in a temporary wage freeze.

No comments: