With the slowest wages growth in 18 years and no real growth,we’re not all creeping into higher brackets – the focus should rather be on boosting demand According to the Australian Bureau of Statistics, wages final year grew at a slower rate than they have in the 18 years the ABS has been measuring them, or real wages did not rise at all. The figures highlight that the lack of demand in the economy,rather than bracket creep, remains the major economic problem in Australia.moral now, or wage growth is perhaps the sharpest indicator of the state of the economy. While employment has shown signs of better than expected growth,the record of the economy in the past few years has been one of low demand.
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Source: theguardian.com