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126 articles are classified in All Articles > Pay and remuneration > Wage movements


Wage increases not driving up inflation: Analysis

Award wage increases have responded to rather than contributed to higher price inflation, and although the tight labour market has brought higher pay growth, it is "not enough to be a threat to slowing price inflation", according to a leading labour market economist.


Limited wage-price spiral risk: IMF to RBA

The highly-orthodox IMF has told the RBA's annual research conference that it is "hard to find" recent wage-price spirals across advanced economies and that pay acceleration "should not be seen as a sign" that the corkscrew feared by the central bank "is taking hold", in a session in which new board member and former FWC president Iain Ross led discussion.


4% rise for federal parliamentarians

The Remuneration Tribunal has awarded a 4% pay rise for federal parliamentarians and the most senior public servants after noting that increases awarded over the past decade had been "conservative", including zero in 2020 and 2021 and 2.75% last 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.

"No sign" of pay-price spiral, Government tells FWC wage bench

The AiG says the FWC should take into account the Budget's substantial cost-of-living relief for the low-paid in granting an increase no higher than 3.8% in this year's minimum wage case, while the Albanese Government says there are "no signs" of a wage-price spiral and reiterates its view that the real wages of low-paid workers should not "go backwards".