Wages are growing (good news!) but they’re still playing catch-up with inflation | Greg Jericho

Australian wages are rising by closer to 4% than 3%. That's how fast they should grow when inflation is less than 3%, not 7%

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First, let us celebrate the strongest wage growth since 2012. Too often the narrative around wages seeks to undercut the positives - saying wages growth will hurt businesses or that they will force the Reserve Bank to raise interest rates further.

Please. Stop.