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Aussie wages were in recession long before COVID-19

June 3, 2020 - 00:15 -- Admin

The March quarter Business Indicators report was released by the ABS yesterday, which includes aggregate wages & salaries data, namely “gross earnings before taxation and other deductions” and “includes provisions for employee entitlements”. In order to get a better sense of how Australian workers have fared, I have deflated this aggregate nominal wages & salaries

The post Aussie wages were in recession long before COVID-19 appeared first on MacroBusiness.

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