‘Historically stagnant’: They said what?

What have the key stakeholders said on the issue of wages growth this week?

The Reserve Bank Board noted wages growth has “remained low”, while the Australian Labor Party said the growth has been “historically stagnant”.So what else has been said on the issue of wages growth this week?The issue has remained a prominent one, alongside discussion of the broader economic conditions in Australia.In the July minutes of its monetary policy meeting, released on Tuesday, the Reserve Bank Board said workforce participation had increased but the unemployment rate had not decli...

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Published Date: 19 July 2019