Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 2GB online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Wages growth remains stagnant despite rise in public sector pay

Article image for Wages growth remains stagnant despite rise in public sector pay

Australia’s wage growth remains low at an annual rate of 2.3 per cent, after rising only 0.6 per cent in the June quarter.

A rise in public sector wages was at 0.8 per cent, surprisingly higher than the 0.5 per cent increase in the private sector.

Westpac Chief Economist Bill Evans tells Ross Greenwood conditions are tough with the Reserve Bank lowering their wages forecast.

“This structural weakness in wages is holding back consumers.

“The wages story is at the heart of everything.”

Click PLAY to hear the full interview

Brooke Corte
Advertisement