Original article by Patrick Commins
The Australian – Page: 4 : 18-Jan-23

Treasurer Jim Chalmers has talked up the fact that wages grew by 3.1 per cent in the year to November. This was the fastest growth in wages since September 2013, and Chalmers has highlighted the fact that average wage growth has been just 2.3 per cent annually over the last decade. However, an inflation rate of 7.3 per cent means that real wages shrank by 4.2 per cent in the year to September, and average annual real wage growth over the last decade was just 0.4 per cent. The Treasury and the Reserve Bank do not anticipate real wage growth until 2024.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA