Sky News Business Reporter Edward Boyd says the expectation from economists is wages are growing at an annual rate of 2.5 per cent, ahead of the release of the nation’s wage price index from the March quarter. “That’s half the amount that is inflation. In true terms, people’s wages are going backwards, and they’ve been going backwards for more than a year now,” he said. “It looks like it’s going to get worse because inflation is expected to creep up ... and there’s no way wages will get to that level.”
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