Wage growth set to stall at all-time low

Real wage growth has fallen into negative territory and stalled at an all-time low, figures to be released on Wednesday are expected to show, as workers receive pay rises that have failed to keep up with the cost of living.

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The dire forecast from Australia’s banks could delay an interest rate rise from the Reserve Bank and create a headache for the Turnbull government as it bets on a doubling in wage growth to help bring it back into surplus by 2021.

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Read the full article on The Sydney Morning Herald.

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