Australia – real wages continue to decline and wage movements show RBA logic to be a ruse

Created
Wed, 16/08/2023 - 17:06
Updated
Wed, 16/08/2023 - 17:06
Yesterday (August 15, 2023), the Australian Bureau of Statistics released the latest – Wage Price Index, Australia – for the June-quarter 2023, which shows that the aggregate wage index rose by 0.8 per cent over the quarter (steady) and 3.6 per cent over the 12 months. This represented a slowdown over the 12 months on…