Business
Wages may soon rise if employers can’t ‘tap global markets’ for workers, says RBA boss – ABC News
Employers cannot import labour from overseas while borders are shut, and it could see wage pressures build in Australia the Reserve…
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…
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