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Public Sector Wage Growth Outpaces Private Sector
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Public Sector Wage Growth Outpaces Private Sector
Public sector wages have grown at a faster pace than private sector wages for the fourth consecutive quarter, according to EY senior economist Paula Gadsby. The wage price index has increased, but for the first time since September 2023, it has risen at a rate slower than inflation. This divergence highlights contrasting trends in different sectors of the Australian economy. In annual terms, public sector wages experienced a growth of 4.0 per ce…
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