But it has shown several years
of strong wage growth, and demand for qualified candidates is growing, which should put upward pressure on salaries in the coming years.
«If the Senate passes this important legislation we, as some of the nation's largest employers, commit to invest more in Australia which will lead to employing more Australians and
therefore stronger wage growth as the tax cut takes effect.»
Jobs growth needs to be accompanied
by stronger wage growth if consumer spending is to help drive our economic recovery.»
Tightening before a period
of strong wage growth will lead to price and wage targets hardening into ceilings, and that will cause grave damage to the economy.
The lack of
stronger wage growth was a root cause behind fears of the U.S. economy's fragility and the downside risks to inflation.
If rates increase, that's a sign of tremendous tightness in the economy,
strong wage growth, strong job growth, and therefore strong asset price growth.
Matthew Gardner, Chief Economist at Windermere Real Estate, covering Seattle, says, «
Our strong wage growth is still supporting rising home prices, which when combined with the historically low number of homes for sale in Seattle, gives home flippers substantial returns on their investments.
Some of
the strongest wage growth in New York City in several years is eating into businesses» revenue.
«With record employment and
strong wage growth, we are continuing to move to a society with opportunity and security at its heart — so all families can have the security of a well - paid job.
Increases in the price of oil and other commodities,
stronger wage growth, and rising health care costs have all contributed to the increase in inflation, and I see few reasons to believe these factors will abate in the near term.
«
Stronger wage growth is the silver lining in this report, outpacing home price growth in more than half of the markets for the first time since Q1 2012, when median home prices were still falling nationwide.