Reserve Bank warns of wage-price spiral as unions push for pay - The Australian Financial Review

The Reserve Bank has warned of a wage-price spiral if unions exploit the low jobless rate to push for higher pay rises to compensate for an inflation rate tipped to peak at higher than 6 per cent.

By the middle of 2023 the real value of wages would only be at the level they were at the end of 2011, the union peak body said. This is the result of nearly a decade of low wage growth and inaction… [+7152 chars]

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