The days of 4% pay rises are behind us – wages are now barely growing faster than inflation | Greg Jericho

The recovery of real wages is expected to be so slow that it will take us until 2044 to get back to having as much purchasing power as in 2021Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe latest wage figures show no sign of wages growth powering inflation, as the real value of private-sector wages fell in the September quarter.Other than inflation, the figures the Reserve Bank of Australia most keeps an eye on are the quarterly wages growth figures. These give us a sense of whether there is so much competition for jobs that employers are offering higher wages and workers can demand higher wages without fear of their hours being cut. Continue reading...

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