Four of the nine countries shown in the table experienced
average wage growth of less than 3 per cent over the past two years; three had wage growth in the 3 — 4 per cent range.
«After six consecutive months of falling pay growth, workers got some positive news in August with a slight uptick
in average wage growth to 2.0 percent.
Faster average wage growth in Australia has been accompanied by trend growth in labour productivity which is faster than the average of the countries shown in the table.
Data from the Department of Employment and Workplace Relations (DEWR) suggest that
average wage growth certified in new federal enterprise bargaining agreements (EBAs) was around 4 per cent over the first half of 2003, similar to the growth rate over the second half of 2002.
Six of the state's labor markets, including the Southern Tier and western New York,
saw average wage growth at or above the inflation rate.
@PragCapitalist and the CPI - U average is 2.51 %, looks like about 1 %
real average wage growth, which doesn't seem unreasonable.
A further moderation to about 160,000 is expected in 2018, but
average wage growth of 2.5 % could pick up as businesses continue to struggle to attract and retain employees.
Inflation control, however, is not the only consideration in gauging the appropriate rate of
average wage growth.
Core inflation and
average wage growth are also projected to rise compared to this year.
Average wage growth has fluctuated around 2 percent, unadjusted for inflation, between 2002 and 2015, according to a study by the Federal Reserve Bank of San Francisco.
That would be three times the pace of
average wage growth.
«Prospective homebuyers are having trouble keeping up with price increases that outpace inflation and
average wage growth.