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Did you even read AFRs reasoning? 1 off payments. That wobt...

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barry2007

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16/11/23

12:02

Post #: 70936503
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Originally posted by Bunn-Wackett: ↑

AFR 15-Nov-23

Accelerating wages growth will fuel domestic inflation and keep pressure on the Reserve Bank to raise interest rates if not matched with a sharp turnaround in productivity, economists have warned.

Wages grew at 1.3 per cent in the three months to September 30 as aged care employees and low-paid workers received large one-off pay rises, the Australian Bureau of Statistics said on Wednesday. The increase was the largest quarterly rise since records began in 1997 and pushed annual wages growth to a 14-year high of 4 per cent.

STICKY, STICKY, STICKY inflationary input... that's the Genie you can't put back in the bottle

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Did you even read AFRs reasoning? 1 off payments. That wobt happen again for 4 years until next EBA....

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