Birdwatch Note Rating
2023-11-17 01:55:51 UTC - HELPFUL
Rated by Participant: 496F3312409816A45B662ECBEA5FC01D98C99F69B5796B98FE501F03E71132CA
Participant Details
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
All Note Details