Turnbull expects wages lift this year

Prime Minister Malcolm Turnbull expects wages growth will accelerate this year as long as the economy continues to expand.

Malcolm Turnbull expects wages will pick up over the next year as the economy continues to expand and demand for labour heats up.

Wages growth has been stuck at the lowest in at least two decades at around two per cent when the employment and company profits soared over the past year.

"You'll see that over the next year and following, as long as you get continued economic growth, you will see more demand for labour, and that will see wages move up," the prime minister told ABC TV's Insiders on Sunday.


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Source: AAP



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