have grown at less than half the rate of inflation, resulting in a real pay cut to workers of around 2.7 per cent.
Over the same period the Consumer Price Index - which roughly measures the cost of living - rose by 5.1 per cent.Australian wages have failed to match the rise in inflation, resulting in a pay cut in real terms.Michelle Marquardt, head of Prices Statistics at the ABS, said wages have been steadily tracking higher since the worst economic damage of COVID-19.
"In March quarter 2022, the average size of private sector hourly wage rises increased to 3.4 per cent, the highest quarter increase since June 2013.
And if that doesn’t provide proof that the LNP ARE NOT GOOD AT THE ECONOMY nothing will.
What pay increase?
Trash liberal govt! Vote them out!
Try being a pensioner.
This is a massive failure by Scott Morrison!
This is happening globally. Workers are losing purchasing power. Not good at all. SkyNewsAust
We must not blindly trust the fair work commission,after all they are the ones who cut penalty rates and kept wages low,maybe we could swap them for the one who sets politician's wages.
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