ANALYSIS: Interest rates are rising because we're told households can manage it, but the data suggests otherwise
And while its liaison program has hundreds of businesses on its register, including entities that represent thousands of businesses, it only made contact with about 60 businesses to determine earlier this year that it had seen "larger" increases in wage growth. Only a proportion of those businesses suggested this was the case.
It's the most robust data collection of wage growth outside of what the Bureau of Statistics produces.NAB's chief economist, Alan Oster. For example, many Australians don't have an ongoing position that delivers nice, neat pay rises into their account. Others have two — or more — jobs.
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