Australian workers’ wages rose 3.3 per cent last year – the fastest increase in a decade.
But with inflation at 7.8 per cent, salaries are not growing fast enough to keep up with the rising cost of living. Here are eight charts that put the latest wage growth data in perspective.
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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
