The official figures say wages aren't growing — here's why they're wrong
- Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Peterfz30/ShutterstockHave you heard about the latest wage figures? I hope not. They’re meaningless.
What the widely quoted measure of average weekly earnings purports to show is that wages grew a mere 0.1% over the year to May. It’s not true. It’s not what happened. For most of us, wages grew by much more.
That’s not to say...
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