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Wage growth set to stall at all-time low

SMH  |  17 May 2017  |  Economics


Real wage growth has fallen into negative territory and stalled at an all-time low, figures to be released on Wednesday are expected to show, as workers receive pay rises that have failed to keep up with the cost of living.

The dire forecast from Australia's banks could delay an interest rate rise from the Reserve Bank and create a headache for the Turnbull government as it bets on a doubling in wage growth to help bring it back into surplus by 2021.

Read More: http://www.smh.com.au/business/the-economy/wage-growth-set-to-stall-at-alltime-low-20170516-gw5uxh.html

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