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Wage growth is plummeting – here are 3 ASX dividend shares to start a second income – Motley Fool Australia
Wages are growing at their slowest rate in 22 years – if you’re looking for a second income, take a look at these 3 ASX dividend shares.
Wages are growing at their slowest rate in 22 years as coronavirus takes its toll on employee pay levels. Over the year to 30 June 2020, wages increased just 1.8%, the slowest pace since records began in 1997. The private sector saw a steeper decline in wage growth driven by large wage reductions across higher paid jobs. Economists say worse may be yet to come with downward pressure on wages growth to continue given the collapse in employment and depressed economic environment. If your next pay …
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