The more muted rise in wages last quarter should mollify the RBA’s concerns that the surge in inflation will trigger a wage-price spiral. While the fading impact of last year’s outsized minimum wage hike was probably the key driver, we think that sluggish pay growth in enterprise bargaining agreement will keep a lid on wage growth for the foreseeable future.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services