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The New Daily
The New Daily
Business
Sezen Bakan

Wages will still lag inflation in 2023, even as pay packets get fatter

Inflation Matt Cowgill Tim Harcourt SEEK
10 News First – Disclaimer

Australia’s pay packets should continue to increase in 2023, but experts warn wages won’t keep pace with cost-of-living pressures because of inflation.

Record-breaking wage rises last year failed to keep up with the cost of living over 2022 – and job-seeker platform Seek’s senior economist Matt Cowgill said this lag will occur again this year.

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