Unemployment is falling, but so are wages. It's the latest of a very long slide | Greg Jericho

It is hardly news any more to say that we have a record low in wage growth. But it's becoming a problem for workers, companies and the government alike

• Greg Jericho is a Guardian Australia columnist

The latest wages figures released by the Bureau of Statistics revealed that Australians' real wages continue to fall, and that in the past year wages grew by a record low 1.9% - and it also marked the 20^th consecutive quarter of falling wages growth for private sector workers.

Any hope that wages growth has turned a corner will need to wait another three months. While the Fair Work Commission increased the minimum wage by 3.3% in June, this only took effect from the start of July, meaning any flow-on impacts won't be observed until the September quarter figures come out in three months time.

Related: Reserve Bank keeps interest rate at 1.5% for 11th consecutive month

Related: Looking for the cause of low wage growth? It's underemployment | Greg Jericho