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Private sector rises flatlining: ABS

In figures that don't align with the RBA's warnings about a wage-price spiral, new ABS figures show private sector rates of pay excluding bonuses are rising at an unchanged 3.8% a year.

Internal successor for Lowe at RBA

RBA Governor Philip Lowe, who earned the ire of unions and some in the Albanese Government with his repeated warnings about the risks of a wage-price spiral, is set to be replaced at the end of his term by his deputy, Michele Bullock, who will be the first woman to lead the central bank.


Hatcher just doing his job: Burke

Workplace Relations Minister Tony Burke has played down the significance of FWC president Adam Hatcher questioning whether a perceived big increase in the minimum wage could contribute to further increases in interest rates.

Treasury assuming similar minimum rise to 2022 ruling

A senior Treasury Department official says the Federal Budget's forecast that inflation will drop back to 2% to 3% by mid-2025 assumes the FWC will make a minimum wage ruling that "broadly proxies" last year's increases.

Private sector pay growing at 3.8%: ABS

Private sector rates of pay increased to 3.8% annually in the March quarter, up from 3.6% in the previous three-month period, according to the ABS, but relatively weak public sector rises have restricted the economy-wide movement to 3.6% in trend terms, about half the rate of inflation.

Real wage growth in New Year, says Budget

Wage growth will exceed inflation from early next year and beat prices by 0.75 percentage points by mid-year, according to the Albanese Government's second Federal Budget.

FWC, public sector could increase risk of wage-price spiral: RBA

The RBA is continuing to warn about the dangers of a wage-price spiral, saying the chances of it have declined, but could rise again if the FWC awards a "large" minimum rise this year or government employers ease or drop pay caps.

"Same job, same pay" details revealed

The Albanese Government has outlined for the first time the details of how it might implement its "same job, same pay" proposal that it framed to ensure labour hire arrangements are not used to undercut employees' pay and conditions.