Real wages have gone backwards. Even earning $100,000 isn’t what it used to be
- Written by: Christopher Hoy, McKenzie Research Fellow, The University of Melbourne
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...







