Birdwatch Note Rating
2023-09-11 01:32:49 UTC - HELPFUL
Rated by Participant: FE349A6E7CC40638ABC33760BA2F7D2C1A5A3A4D26F1D927E249DBD9D4D1BBE8
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Original Note:
When wages rise at a slower rate than the rate of inflation, real wages decline. Wages in Australia increased by 3.6% over the last year, however the inflation rate during the same period was 6%. Wages may have gone up, but they didn't compensate for the cost of living. https://www.forbes.com/advisor/au/personal-finance/inflation-rate-australia/ https://www.afr.com/policy/economy/wages-growth-falls-to-3-6pc-but-private-sector-pay-rises-boom-20230815-p5dwjj https://www.theaustralian.com.au/business/wealth/recession-by-the-numbers-what-it-means-for-you-and-the-future/news-story/7f5c8356b70aad33eb66162c455ea622
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