Australian real wage growth among worst of member nations [Video]

Australia has some of the worst real wage growth of the OECD’s 38 member nations, lagging behind the United Kingdom, United States and Canada, exposing the federal government’s struggle to deliver on its election commitment to get real wages moving as inflation remains high.

The latest employment outlook from the Organisation for Economic Co-operation and Development found real wages in Australia remained 4.8 per cent below pre-pandemic levels.

Australia was one of 16 member countries whose real incomes have gone backwards since the end of 2019. It fell well below the OECD average of 3.5 per cent real wage growth over the same period.

“This is one of the largest drops in real wages among OECD countries,” the organisation said.

“Real wages grew …