Wage growth in decline

According to the institute, workers also expected only a modest 2.9 per cent growth in their pay for the next 12 months, which is slightly lower than what they expected in August 2008.

These modest wage expectations are consistent with a moderation in employment growth and an expected fall in domestic inflations, Michael Chua, a research fellow at the Melbourne Institute said.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 19 November 2008