Most Australians' wages have declined but CEO pay is better than ever

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Workers in private sector, who are 85% of the workforce, are experiencing wages growth well below inflation

Despite chief executives having bumper pay increases last year, the majority of Australian workers have seen their wages decline.

Figures released on Wednesday show the real value of wages has stagnated across the economy, with inflation and wages now growing at the same annual pace of 2.1%.

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view The Guardian: World News
#australian economy
#industrial relations
#business australia
#australian politics
#australia news
#wages growth