Australia's largest stock trading and investment forum Australia's #1 stock forum

Thanks for that.Also remember our interest rate settings have...

First 241 Last

Share
Profile

Follow
Tapdancer

4,500 Posts.

112

10/05/25

23:03

Post #: 78995093
Share

Originally posted by Jacketed: ↑

Professor John Buchanan
Australia is now in the same league as Lithuania,
Estonia and Hungary when it comes to cutting real pay,
according to a new OECD report.

These are the only countries where cuts in real pay – pay adjusted for inflation – have been more severe for low-paid workers than those on higher salaries.

The OECD’s latest Employment Outlook 2024 reports that, compared with the period immediately before the pandemic, real wages are lower today in 16 of the 35 countries.

Australia’s real wages are 4.8% lower than pre-pandemic levels while across the OECD real wages over the same period have, on average, risen 1.5%.

Expand

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.
1 Upvote

Reply

Top Stories

ASX Market Close: Another ATH close for Oz bourse on mining rally | July 2

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Wednesday's HotCopper trends: Trigg $12.5M placement, Domino's shock exit | July 2

MEU

Double-time: Marmota starts deeper Greenewood drilling days after title transfer

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

First 241 Last

SPONSORED BY