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.


Share
1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world