Green BANANA principle is what’s holding us back - Courier Mail

First, the good news. Wages in the private sector have grown by the fastest rate in 10 years, according to data from the Australian Bureau of Statistics released this week. Private-sector wages, including bonuses, are up 3.1 per cent over the past year.

But the bad news outweighs the good. Inflation is running at 6.1 per cent and so “real” wages, after accounting for inflation, have dropped by their largest amount on record.

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