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Wages are not growing out of control and the labour market is not ‘tight’
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Australia — Greg Jericho
Wages are not growing out of control and the labour market is not ‘tight’
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Excuse me while I sadly cross off another three months on my “waiting for a wages breakout” calendar.
Before I get to the wages figures, may I pause to note that this month NAB reported a 5% increase in its profits compared with last year, CBA reported a 7% increase in its cash profit, BHP reported annual profit growth of 9% and Rio Tinto recorded a 47% profit increase in the first half of this year.
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This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →
Source: The Guardian · Greg Jericho. Published 19 Aug 2026, 03:00 pm.
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