Profits v Wages, what's driving inflation?
Follow The Money
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The Impact of the Independent Wage Is Umpire's Pay Decision on Inflation
Nearly 3 million workers are set to benefit from a historic pay decision. The independent wage is umpire unveils the biggest increase to the minimum wage and award rates on record. Some economists argue today's decision could also increase pressure on mortgage holders. As it heightens the chance, the reserve bank heighten rates next week. Are we seeing a wage price spiral? We don't want to see that.
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