However, in annual terms, wage growth in the private sector was still faster than the public sector.
Private sector wage growth was 4.1 per cent in June quarter 2024, following three consecutive quarters at 4.2 per cent.
That was higher than the 3.9 per cent growth recorded this time last year.
Public sector annual wage growth was 3.9 per cent, higher than the 3.8 per cent recorded in March quarter 2024 and 3.1 per cent from the same time last year.
ABS officials say that reflects changes to new state and federal wage policies introduced across 2023.
This analysis (link) discusses how much wage rises are pushing inflation. I wrote the other day that I thought wage rises wasn't inflationary.
now I've read this I accept the evidence.
so maybe the private businesses should reduce their pay rises and maybe we might stop blaming the public service.
