Why Your Pay Rise Doesn't Feel Like One
A 3% rise in a year with 4% inflation is a pay cut in disguise. We explain real versus nominal wages, the Wage Price Index, and why the RBA keeps a close eye on labour costs.
A 3% rise in a year with 4% inflation is a pay cut in disguise. We explain real versus nominal wages, the Wage Price Index, and why the RBA keeps a close eye on labour costs.