Wage growth slumps to a record 25-year low

Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 16-Jan-18

Wage increases for new enterprise agreements struck in the September 2017 quarter were just 2.2 per cent, the lowest increase in 25 years. The number of new agreements struck in the quarter was the lowest since 1995, while wage increases in union enterprise agreements were lower than those in non-union agreements, which is uncommon. The construction sector remained the industry where wage growth was strongest, while real estate and transport were among the sectors where wage growth was lowest.

CORPORATES
GRIFFITH UNIVERSITY, AUSTRALIAN LABOR PARTY, UBS HOLDINGS PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

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