Wage growth fails to match inflation pressure

from Sunrise · host LiSTNR

Australian wage growth has reached 3.3% over the past 12 months according to ABS data, but with inflation at 4.6%, most households are experiencing real wage cuts as pay rises fail to keep pace with rising costs of fuel, energy and essentials. Mining, energy and healthcare sectors show the strongest wage growth, while administrative, hospitality and retail workers lag behind with the slowest increases.See omnystudio.com/listener for privacy information.

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