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There’s still zero evidence of a wage-inflation spiral

June 27, 2022 - 00:10 -- Admin

Recent statements by the Reserve Bank of Australia (RBA) suggested that wage pressures were building based on spurious business liaison ‘evidence’. Business groups have also scare mongered that “unsustainable” wage claims were adding to the nation’s inflationary pressures. Yet the actual data on wages shows zero evidence of a wage-inflationary spiral, with Australia’s real unit labour

The post There’s still zero evidence of a wage-inflation spiral appeared first on MacroBusiness.

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