Business
Wages growth edges higher, but weighed down by public sector pay freezes – ABC News
Australia’s economic policymakers are desperate to see higher wages growth, but their political masters are doing many things within their power to prevent that…
Australia’s economic policymakers at the Reserve Bank and Treasury are desperate to see higher wages growth. It would solve many problems for both of them.
For the RBA, stronger wages are a prerequisite for the sustained 2 to 3 per cent consumer price growth it wants Australia to return to after years of missing its mandated target.
That would allow the Reserve Bank to lift interest rates off the floor and give it a little breathing room to respond to the next economic downturn with more conventional…
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