Employment Minister Tony Burke does not believe wages growth is about to further fuel inflation, saying pay rates have suffered a decade of stagnation.
"Inflation is not being driven by high wage growth," Mr Burke told Sky News' Sunday Agenda program."We don't have high wage growth. The wage price index has been running at 2.4 at the same time that inflation was coming in at 5.1 ."Liam can't afford to move out of home. He hopes the minimum wage increase will change that
The Labor government is expected to hold a jobs summit in late September or early October to bring government, business and unions together. "Wage stagnation happened when we were told we couldn't have wage improvements because inflation was low, now some people are arguing we can't have wage improvements because inflation is high."
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