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News you need to know Australian real wage growth among worst in OECD We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer * Our network * Log in Open NavigationMenu THE SYDNEY MORNING HERALD THE SYDNEY MORNING HERALD close Search Site * Sections * Network * Home * Sydney * NSW * PoliticsHide subsections * Federal * NSW * Victoria * Queensland * Western Australia * BusinessShow subsections * Companies * Markets * Bulls N' Bears * The economy * Banking & finance * Small business * Media * Workplace * WorldShow subsections * North America * Europe * Asia * Middle East * Oceania * South America * Africa * NationalShow subsections * Victoria * Queensland * Western Australia * Opinion * PropertyShow subsections * News * Domain Magazine * Title Deeds * Living * Auctions * Financing * SportShow subsections * NRL * Rugby union * Cricket * Soccer * AFL * Racing * Tennis * Netball * Basketball * Motorsport * Cycling * Golf * NFL * Athletics * Swimming * Boxing * Good FoodShow subsections * Eating out * Recipes * Tips & advice * Drinks * CultureShow subsections * Movies * TV & radio * Music * Celebrity * Books * Comedy * Dance * Musicals * Opera * Theatre * Art & design * Live reviews * TV guide * LifestyleShow subsections * Health & wellness * Fashion * Life & relationships * Beauty * Style * Horoscopes * TravellerShow subsections * Destination guides * Inspiration * Reviews & advice * Travel news * Good Weekend * Spectrum * Sunday Life * MoneyShow subsections * Super & retirement * Investing * Banking * Borrowing * Saving * Tax * Planning & budgeting * Insurance * Education * Healthcare * EnvironmentShow subsections * Conservation * Climate change * Sustainability * Weather * TechnologyShow subsections * Video games * Home tech * Phones * Gadgets * Drive * PREMIUM Subscribe * Today’s Paper * Good Food Guide * Daily Puzzles * MORE * Letters * Editorial * Campus * Column 8 * Obituaries * Explainers * Quizzes * Podcasts * The Sydney Morning Herald * The Age * Brisbane Times * WAtoday * The Australian Financial Review * Domain * Commercial Real Estate * Drive Advertisement * Politics * Federal * Australian economy This was published 5 months ago AUSTRALIAN REAL WAGE GROWTH AMONG WORST IN OECD BY RACHEL CLUN July 9, 2024 — 7.00pm Save Log in, register or subscribe to save articles for later. SAVE ARTICLES FOR LATER Add articles to your saved list and come back to them any time. Got it Share Normal text sizeLarger text sizeVery large text size 302 View all comments KEY POINTS * The latest employment outlook from the OECD found real wages in Australia remain 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. * Treasurer Jim Chalmers acknowledged the report showed the government had more work to do, but said “it shows that our efforts are providing a bit of help when Australians need it most”. Advertisement 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. ... Want to unlock unlimited news? Read more award-winning journalism from as little as 50c a day. Get started Already a subscriber? Login to see the full article. Save Log in, register or subscribe to save articles for later. Share License this article * Australian economy * Pay * Jobs * OECD * Jim Chalmers * Anthony Albanese * For subscribers Rachel Clun is a former economics correspondent for The Sydney Morning Herald and The Age.Connect via Twitter. 302 View all comments MOST VIEWED IN POLITICS CHALMERS UNVEILS $22 BILLION BUDGET BLOWOUT NEVER MIND NEGATIVE GEARING. AUSTRALIANS PUSHED $67B THROUGH THIS TAX VEHICLE ‘CALLOUS EXPLOITATION’: NSW LOSING $1 MILLION AN HOUR ON POKIES COALITION ACCUSES CHALMERS OF REVIVING ‘MEDISCARE’ DUTTON SAYS NUCLEAR WILL COST $331 BILLION. CHALMERS ADDS $4 TRILLION TO THAT OPINION DUTTON’S NUCLEAR PLAN STOPS DECARBONISATION, PUNISHES CONSUMERS AND HURTS THE ECONOMY THE SYDNEY MORNING HERALD * Twitter * Facebook * Instagram * RSS OUR SITES * The Sydney Morning Herald * The Age * Brisbane Times * WAtoday * The Australian Financial Review * Domain * Drive CLASSIFIEDS * Tributes * Celebrations * Place your ad * Commercial Real Estate THE SYDNEY MORNING HERALD * Contact & support * Advertise with us * Newsletters * Accessibility guide * Sitemap * Photo sales * Purchase front pages * Content licensing * Work with us * Terms of use * Privacy policy * Press Council * Charter of Editorial Independence PRODUCTS & SERVICES * Subscription packages * My account * Subscriber FAQs * Delivery status * Today’s Paper * Good Food Guide * Daily Puzzles Copyright © 2024 Subscribe