Australia News
The debate about wages continues this week, sparked by RBA Governor Phil Lowe telling an audience in Sydney that regular wage rises of between 4-5% made it more difficult to return inflation to the Bank’s target range of 2 to 3%. It has complicated Labor’s campaign pledge to fix low wage growth so that workers aren’t go backwards in real terms. David Speers interviews Treasurer Jim Chalmers about where they stand on wages in the face of inflation.
Credit ABC News (Australia)