Lower unionisation ‘unlikely to account for’ low wage growth
In Australia, share of employees covered by wage agreements negotiated remains stable, RBA researchers find
Slow wage growth in Australia is not due to the recent fall in trade union membership, says a paper published by the country’s central bank.
Annual wage increases in both the public and the private sectors averaged close to 5% in the late 1990s. But over the last two decades, they’ve progressively fallen to below 3% in 2018, says the research, conducted at the Reserve Bank of Australia (RBA).
This has coincided with an abrupt decline in union membership. In 2018, it stood at 15% of wage
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