Business
Wages growth stuck at record low as public sector pay freezes bite – ABC News
A stronger-than-expected increase in private sector pay over the last three months of 2020 keeps wages growth above economist expectations, but pay rises remain…
A stronger-than-expected increase in private sector pay over the last three months of 2020 has kept wage growth above (very low) economist expectations, as many bosses reversed COVID pay cuts or freezes.
Key points:
- Wages increased an average of 0.6 per cent in the December quarter and 1.4 per cent last year
- Many workers reliant on award wage increases saw a delay in their annual pay rise
- Victorians saw the biggest increase in wages in the December quarter
Australians’ pay packets rose an average…
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