Wages increased over the past year by 3.7 per cent, the highest annual growth in nearly 11 years — and more than one-third of employees had a wage rise of more than 4 per cent, the highest since 2009.
But with inflation still at 7 per cent, real wages are continuing to decline, though the Federal Government — which has pinned much of its political capital on pay bumps — expects this trend to end soon.
Wages increased over the past year by 3.7 per cent, the highest annual growth in nearly 11 years — and more than one-third of employees had a wage rise of more than 4 per cent, the highest since 2009.
But with inflation still at 7 per cent, real wages are continuing to decline, though the Federal Government — which has pinned much of its political capital on pay bumps — expects this trend to end soon.