Audio

Pay rise? Forget it, at least for a couple of years: economist

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Employment Quality of work life Cost and standard of living Wages Australia
Description

With low levels of inflation and wages growth, the statistics show it's becoming harder for Australians to advance into a higher pay bracket. The new Reserve Bank Governor is obviously concerned about it because it was a central theme in his first formal speech in Sydney today. At least one economist argues that it could be two years before the average Australian worker can expect anything like a decent pay rise.

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