Comment

Australia's fake 'crisis' of high wages

By Richard Denniss
Updated April 24 2018 - 11:40am, first published April 21 2017 - 6:09am

High wages drive productivity growth. They create domestic demand for the things that shop assistants sell and waiters serve, and, unsurprisingly, high wages increase workers' material standard of living. Put simply, rising real wages are a sign that an economy, and more importantly the people in it, are doing well.

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