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Real wages have gone backwards. Even earning $100,000 isn’t what it used to be

  • Written by The Conversation

Figures released today by the Australian Bureau of Statistics (ABS) show that over the year to December, wages grew by 3.4%. For households, however, the number that really matters is what happened to wages after inflation.

Over the same period, the consumer price index (CPI) rose by 3.8%. This means real wages (wages after accounting for...

Read more: Real wages have gone backwards. Even earning $100,000 isn’t what it used to be

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