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10/05/25

23:26

Post #: 78995148
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Originally posted by Tapdancer: ↑

Thanks for that.

Also remember our interest rate settings have lagged the OECD over that same period, resulting in higher for longer inflation, depressing real wage growth.

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So, multivariate calculations required..
however, end result is still real wages are falling. Taken over longer periods , say 1970s to now, it is bloody horrible.
But you can buy a colour TV for a weeks wages.. 1970s 1 months wages...
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