As Australia lags, wages in these countries are growing

In Australia, the percentage change of real hourly wages is down by minus 4.8 per cent since the first quarter of 2024.

Year-on-year, it’s down half a per cent.

Australia is slightly ahead of Finland, New Zealand, Italy, Czechia and Sweden which saw greater falls in real wage growth.

But it’s behind the likes of Denmark, Canada Spain, Switzerland, Japan and Germany, which also had negative real wage growth.