Mining and construction wages among the worst affected but in contrast residential construction grew 2.8% in the final quarter of 2015Wages of Australian workers bear grown at their weakest rate in nearly two decades,adding weight to the perception that incomes are falling behind the cost of living.
Annual wages growth slipped to just 2.2% in 2015, according to figures released by the Australian Bureau of Statistics on Wednesday – the slowest growth since its wage price index was introduced in 1997. It was only just above the inflation rate of 1.7%.
Continue reading...
Source: theguardian.com