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Australian wage slowdown a stimulant for employment

Real unit labour costs have hardly risen over the past six years, making workers relatively more competitive compared with capital and encouraging employers to hire more.


AUSTRALIAN wage growth stayed stuck at the slowest pace in at least 16 years last quarter, a mixed blessing that has eaten into household incomes but also fed surprisingly strong demand for labour.

Wednesday's data showed that hourly rates of pay excluding bonuses edged up 0