Labour market tight, but wages growth will be gradual
Ronald MizenSenior reporter
In-demand hospitality and tourism workers clocked up a 3.4 per cent pay rise in 2021 thanks to the tight labour market and a delayed increase in the minimum award wage for workers in that sector.
Hospitality was a bright spot in an otherwise underwhelming result for the three months to December 31, which underlined Reserve Bank of Australia governor Philip Lowe’s view that pay rises would be gradual.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
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