Real wages in Australia continue to fall as profits boom

Created
Tue, 13/08/2024 - 13:02
Updated
Tue, 13/08/2024 - 13:02
Today (August 13, 2024), the Australian Bureau of Statistics released the latest – Wage Price Index, Australia – for the June-quarter 2024, which shows that the aggregate wage index rose by 4.1 per cent over the 12 months (down 0.1 point on the last quarter). In relation to the June-quarter CPI change (3.8 per cent),…