Large pay rises for public servants drove annual wage growth to its fastest pace in 14 years in December, after state premiers abandoned salary caps following pressure from unions and essential workers.
The annual growth in public sector pay packets accelerated to 4.3 per cent in December from 3.5 per cent in September, the Australian Bureau of Statistics said on Wednesday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
