Date: 25 July 2018
Real wage growth is now 0%. With CPI announced this morning at 2.1% completely wiping out near record low wage growth of 2.1%.
Costs of essential items and services like electricity, gas and childcare continue to increase well above CPI, meaning that wages are going backwards compared to non-discretionary spending.
Quotes attributable to ACTU Secretary Sally McManus:
“Real wage growth is now zero. The system is failing working people who desperately need a pay rise to be able to afford to support themselves and their families.