Media Feature — US lesson in why workers need a boost in real wages

By Andrew Leigh. Published in The Australian.

“… By contrast, private sector wage growth during Labor’s previous six years in office was 4.2 per cent above inflation – nearly three times more wage growth in two-thirds of the time. The McKell Institute estimates that if the wage growth achieved under Labor between 2007 and 2013 had been sustained through 2014 to 2021, average Australian earnings would be $16,000 higher than they are today.”

 

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