Official wages growth figures confirm the growing divide between people’s take home pay and rising cost of living, giving further ammunition to Labor’s economic attack in the final week of the election campaign.
Wages grew at a lower than expected 0.7 per cent over the March quarter and 2.4 per cent over the year, with the real estate industry and workers in telecommunications and media taking home the biggest pay rises.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com