Growing ineffectiveness of monetary policy has sparked calls for more emphasis on measures to lift incomes but economists remain sceptical about Labor's proposal for a living wage.
Australia's wage growth is well below the level reported in the US on Friday because our central bank's target for unemployment is still a way off at 4.5 per cent with wage growth at 2.3 per cent.
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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.
