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Bad News Wages Not Going Up

Don't hold out for that pay rise

Bad News Wages Not Going Up

If you haven't got that pay rise from your boss, you're not alone.

It's not looking good on the wages front, with new data out today expected to show real growth has fallen into negative territory, behind the cost of living.

The Bureau of stats figures for the first three months of the year, reveal annual wage growth is 1.9 per cent, below the Consumer Price Index at 2.1 per cent.

Economists expect wages grew at 0.5 per cent in the March quarter, keeping the annual rate at its lowest level for at least 20 years.