Interest Rates are Sky-High, Who's to Blame?
Follow The Money
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Is the Reserve Bank Really Worried About Wages Growing Too Fast?
Wages aren't growing as fast as the Reserve Bank was expecting them to. They're still very much the thing that they are worried about growing too fast. The problem is, I mean, you might get that pay rise, but that goes nowhere near, keeping up with the increase in the cost of living. So this research has caused a bit of backlash. Qantas announcing a $1.4 billion profit in Coles and Woolworth's recording massive profits. But it's not just mining industry where profits are growing well in advance of their wages bill. We're seeing retail trade, manufacturing, wholesale trade, construction all reporting record profits. And we see more conservative sides of business
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