Real pay is not going backwards: former Treasury economist - The Australian Financial Review

Worker pay has not yet slipped behind the rising prices for goods and services, according to new economic analysis that challenges the widespread belief that people are suffering real wage cuts.

The wage price index understates wages. You have to add the superannuation guarantee increase and bonuses. On Mr Downes numbers, the quality-adjusted wages index rose 3.3 per cent in the year to th… [+3769 chars]

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