Wage Price Index is a ‘very narrow’ measure #Wage #Price #Index #narrow #measure #englishheadline


Australian Chamber of Commerce and Industry CEO Andrew McKellar says the Wage Price Index is a “very narrow” measure.

“We are seeing some evidence that wages are starting to move,” Mr McKellar told Englishheadline Australia.

“I would go back to a point I’ve made before, which is that this measure, the Wage Price Index, is a very narrow measure.

“If you take what we are seeing through the surveys and the business we are talking to out in the marketplace, wages growth is significantly higher than what these figures are showing.”

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