This is what policymakers can and can't do about low wage growth
- Written by Michael Keating, Visiting Fellow, College of Business & Economics, Australian National University
Households feeling the pinch from frozen wages feeds into slower economic growth, and policymakers need to find a solution.Bacho/ShutterstockThis is longer than the usual Conversation article, so allow some time to read and enjoy.
The crisis really is in real wage growth.– Reserve Bank Governor Philip Lowe, 2017
Increased inequality and low...
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