Despite overly optimistic, but what should be called laughable forecasts in the budget, wage growth in Australia is now the lowest it has been since the mid-1990s. And it’s not hard to see why.
Private-sector annual wages growth, at the March 2017 quarter, was 1.8%. The latest labour force data released yesterday by the Australian Bureau of Statistics shows a modest decline in the unemployment rate from 5.9% to 5.7%.
READ MORE AT: The Australian Independent Media Network
Political and Social Commentary
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Political and Social Commentary
The purpose of Think Left is to present a view of politics from a left-wing perspective.
Melbourne . Auckland . Houston . Orlando . Washington DC . New York . Madrid . Malaga . Barcelona . Geneva . Brig . St. Moritz . Paris . Brussels . Berlin . Pragua . Budapest . Zagreb . Ljubljana . Venice . Koto . Corfu . Valletta . Catania . Naples . Rome . Brindisi . Bangkok . Tokyo . Mt. Fuji . Kyoto . Hiroshima . Melbourne
Australian Politics
The Australian Independent Media Network
Geologic and Earthchange News events
President Barack Obama ... photos, videos & a word or two
Turning the tables on spin
THE VIEW FROM MY GARDEN 