New ABS Data Has Shown Just How Fkd Wages Are Compared To Inflation So Let’s Dive Right In

We all got a pay rise on July 1 — as we do every year — and new data shows wages are growing faster than they have been since 2014. But if it sounds too good to be true, it usually is. The bad news today is thanks to Australia’s extraordinarily high inflation rate of 6.1 per cent, forecast only to grow

released data on Wednesdayminimum wage rise of 5.2 per centReserve Bank of Australia said it expected wages to grow by 3 per centwe’re not actually on track to hit 3 per cent

Real wages are now back at 2012 levels, but are set to fall further.

The 12 years of growth from 2008 levels to 2020 is set to be undone in 3 years…https://t.co/DjY2BfLWrc pic.twitter.com/N6wicWjIaJ — Greg Jericho (@GrogsGamut) August 17, 2022

lettuce is slightly more affordable now

The post New ABS Data Has Shown Just How Fkd Wages Are Compared To Inflation So Let’s Dive Right In appeared first on PEDESTRIAN.TV .