General
Wages may soon rise if employers can’t ‘tap global markets’ for workers, says RBA boss
Reserve Bank governor Phil Lowe says Australia’s closed international borders are having a huge impact on the labour market.
Key points:
- The unemployment rate fell sharply in May, from 5.5 to 5.1 per cent
- If international borders stay closed, wage pressures could build
- But employers are resisting…
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