With Consumer Confidence at record lows and Cost of living rising, either Consumer Spending plummets or Wages start to spiral. Consumer Spending plummeting is a disaster for the Economy. Wage spiral is the problem with allowing Inflation to run, it's causes further Inflation.
AFR article on Wage rises
https://www.copyright link/policy/economy/there-are-more-jobs-than-job-seekers-that-s-good-news-for-pay-rises-20220817-p5bal5
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