Business
What will it take to see wages grow in Australia? – Yahoo Finance Australia
Young workers’ wages have declined in the last decade – and it’s only going to get worse.
Young Australians have lost a decade of income growth, and as the nation enters a recession that looks perilously similar to a depression, its only going to get worse.
A new report by the Productivity Commission revealed that young peoples average incomes declined between 2008 and 2018. In contrast, wage rates for Aussies aged 35 to 54 continues to grow.
Retirees and those over 65 fared even better, with their income rising by 3.2 per cent per year.
The income slow is so severe, 15 to 25 yea…
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