InvestSMART's Evan Lucas says it could be "half a decade" before Australia sees meaningful rises in wages due to lockdown restrictions creating "under-utilisation in the market". Mr Lucas said wage growth slowed to 2.1 per cent but the nation was already experiencing stagnant wage growth when unemployment sat at 5.2 per cent. With the expectation labour force figures would reveal a rise in unemployment between 6.5 and 10 per cent, Mr Lucas said "we're quite static for quite a period of time". Image: News Corp Australia
from National | Daily Telegraph https://ift.tt/2WUomP9
Wednesday, May 13, 2020
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