Labor says figures released by the ABS show gap between wage growth and cost of living increases in Australia is now the largest in more than two decades
The latest data comes just three days before polls close for an election campaign in which wage increases have been one of the more contentious issues.has said he “absolutely” supported workers’ salaries keeping up with inflation. Prime minister Scott Morrison, though, warned that too-rapid wage rises would stoke inflation and prompt the Reserve Bank to ratchet up its interest faster, hurting borrowers.the gap with headline consumer prices at 2.7% was the biggest in 20 years.
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