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The Times

It's great to want wage growth, but the way we're going about it could stunt the recovery

  • Written by Michael Keating, Visiting Fellow, College of Business & Economics, Australian National University
It's great to want wage growth, but the way we're going about it could stunt the recoveryJirsak/Shutterstock

The Reserve Bank is going all out for wage growth “sustainably above 3%” — the kind of wage growth Australia hasn’t seen for the best part of a decade.

It has already committed itself to achieving an “actual” inflation target, sustainably between 2% and 3%, saying it won’t lift its cash...

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