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.
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