
Happy days: Queensland workers get biggest wage increase in history - and still we're behind
A wages breakout occurred in Queensland in the September quarter with a rise of 2.3 per cent, the largest ever recorded increase for the state.
A wages breakout occurred in Queensland in the September quarter with a rise of 2.3 per cent, the largest ever recorded increase for the state.
After more than a year of spiralling prices and interest rate hikes, the worst seemed over, but the threat of inflation has returned.
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Consumer confidence has hit its lowest monthly average since 1990 and almost 50 per cent of people can’t afford their grocery bills.
Queensland wages were growing at 3.7 per cent a year and slightly ahead of NSW and Victoria, but the nation’s wage earners were still well behind inflation of 7 per cent.
A workforce survey has uncovered a growing restlessness among Australia’s workers who are increasingly expecting significant pay rises this year, with about a quarter considering quitting for something new.
The federal minister responsible for competition policy has raised concerns about restrictive terms in employee contracts that prevent job switching and keep wages depressed.