Reserve Bank of Australia governor Philip Lowe has criticised the business community for extraordinary high salaries saying people should be happy to deliver value to a company without $20 million pay.
Speaking at the Armidale Chamber of Commerce in regional NSW, Dr Lowe said that, if anything, the broader workforce should be receiving wage increases of 3 per cent or more.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
