Business
Wages would grow without super guarantee hike: Treasury – The Sydney Morning Herald
Treasury secretary Steven Kennedy expects workers’ wages would rise in real terms over the next four years if looming increases in the superannuation guarantee…
Treasury expects wages to grow 1.25 per cent this financial year and 1.5 per cent in the next financial year but the consumer price index is expected to rise 3.5 per cent and 1.75 per cent in the same period. This in effect means wages will not keep pace with living costs.
In 2023 and 2024, wage growth and inflation are expected to rise at a similar rate, before wage growth overtakes inflation in 2025.
Obviously
-
Noosa News9 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General15 hours agoQueensland announced as 2027 Women’s Softball World Cup host in first Australian event since 1965
-
Noosa News18 hours agoInquest into Rosemarie Campbell’s death three days after gastric bypass surgery hears of ‘massive loss’ to family
-
Noosa News11 hours agoWomen’s Softball World Cup 2027 Redcliffe Brisbane