Is faster profit growth essential for a pick-up in wages growth?
- Written by Saul Eslake, Vice-Chancellor’s Fellow, University of Tasmania
Scott MorrisonDo higher profits necessarily lead to higher wages? The answer, as borne out by the data below, might surprise you. In fact, wages growth is more likely to arise from smart policy settings that directly boost economic and employment growth.
Australian wages growth is, as Reserve Bank governor Philip Lowe recently noted, “the...
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