Australia’s Real Wages Slump One of Worst in Developed World The OECD's latest report on global wages paints a bleak picture for Australian households, with real wages falling by 5% since early 2021.
This makes Australia one of the worst performing developed economies, with purchasing power eroded as prices continue to outpace wage growth.
In contrast, British real wages have increased by almost 8%, while New Zealanders have fared slightly better than Australians in this regard.