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Australian wages increase 3.7pc in the year to March 2023, new figures show

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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.

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