Why real wages in Australia have fallen while they’ve risen in most other OECD countries
- Written by John Buchanan, Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney
Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report.
These are the only countries where cuts in real pay – pay adjusted for inflation – have been more severe for low-paid workers than those on higher salaries.
The OECD’s latest Employment Outlook...
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