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Australian workers enjoy modest real wage rises

Last Wednesday (May 15, 2019), the Australian Bureau of Statistics (ABS) released the latest- Wage Price Index, Australia – (March-quarter 2019). Private sector wages growth was 0.5 per cent in the March-quarter which remains a very low rate of growth. Over the year to March 2019, overall wages growth was 2.3 per cent and with the annual inflation rate running at 1.3 per cent, workers were able to enjoy some real wages growth. However, over the longer period, real wages growth is still running well behind the growth in labour productivity, which has allowed profits to secure a substantially increased share of national income.

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