Soft wage growth hints at a hard economic slog

A slowdown in wage growth may dampen inflation fears, but it also points to weak labour market conditions that could negatively affect the economy's current momentum.

Australian wages are growing at their slowest pace in at least 16 years. This, combined with full-time job losses and job cuts across a number of major Australian organisations, paints a pretty bleak picture for Australian workers and the broader economy.


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