The gap between wage growth and inflation in Australia is getting wider, with the Bureau of Statistics set to release wage growth numbers today.
Sky News Business Reporter Ed Boyd says the expectation is wage growth will increase by 2.7 per cent.
'Which sounds great, but it is less than half the rate of inflation,' he said.
Mr Boyd said it will 'take until 2024 for this gap to close'.
'So until then, in real terms, wages for Australians are unfortunately going to be going backwards for the next couple of years.'
Inflation is 15-18% and society gets a 3% raise.
What a rug pull dumping people right on their faces.
@electricsuitbatman Says:
CPI was 2.6% in 2018 pre covid. So what your saying is you will get your normal raise while inflation increases exponentially
@AsttoScott Says:
Wow, so 27 bucks if you earn 1000 excluding taxes. 27 dollars, enough to buy lunch... The head line would've been more interesting if it said Annual wages expected to buy you lunch once a week.
@electricsuitbatman Says:
2.7% is about 6.3% short of an actual raise.
@David_Camerwrongun Says:
Mean while it was reported thanks to the living crisis people actually lost 3% so still massively in the red
@baigandinel7956 Says:
Great! So you're only losing 6 percent.
@positivepawpaw7564 Says:
the wages / inflation tail chase. lets go, labor muppets
@grannyannie2948 Says:
Inflation ussually results in war
@KIA-MIA-POW Says:
RUBBISH! Absolute RUBBISH!
Honestly, who writes thus rubbish!
@ivansultanoff6719 Says:
Sure, set up inflation
@keithallen5795 Says:
Democrats ticket , fine and TAX small business's so bad many will leave NYC.And go under across America.WAIT TILL "THAT THING" HARRIS starts taxing .White people if she, it can.
@lordomercy6436 Says:
IS that really gonna help when inflation is up twice that??? Let's FUCKIN GOOOOOOOOO BRANDON 💥🔥🙏💯
@anth5189 Says:
We don't need wages growth, that just continues a monumentally stupid cycle of an increasing cost of living. The GREED MUST STOP and the cost of living MUST be brought down. Governments will not go against their greed driven overlords until people "force" them to. In a true democracy the government dose as it is told by the people, not the other way around like is is at present. What we have is pseudo communism.
@ChalkyHonky Says:
Great news we can be 2.7% less fucked.
@TurnerFamilyInOz Says:
Something “good” happened! Time to lick Albanese’s toes! 😆
@nicoledeberry1155 Says:
Yea in taxes lol
@taoanon Says:
Cost are expected to rise 25% so you get a negative 23.3% raise! Congratulations Slaves!
@johnribail7426 Says:
Yea right! Inflation is what's going to grow
@tylerdurden4006 Says:
Election promise? Sure it is...😉
@regreg8318 Says:
LOL yeah while cost of food and utilities increases 300% 🤡🌏
it all started with'
H E A L T H 😷💉 F R A U D
Where's the "healing" for all the crapcine heart attacks victims
Pigachook rich 💰💰💰off people's ill health and suffering, corrupt git should be in jail for 100 years
@dillonc1900 Says:
There's is not growth in wages. If inflation is 18% and your raise is 2%, you took a 16% wage cut, due to inflation. The proper headline would be; Wages to drop by 16%. Not rise by 2%.
@alparoz1989 Says:
Will they raise the $75 000 GST limit and tax brackets, please raise this question. 🙏
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