Saturday 6 August 2022 02:37 AM Real wages to decline to 2008 levels in massive blow for Australian workers trends now

Saturday 6 August 2022 02:37 AM Real wages to decline to 2008 levels in massive blow for Australian workers trends now
Saturday 6 August 2022 02:37 AM Real wages to decline to 2008 levels in massive blow for Australian workers trends now

Saturday 6 August 2022 02:37 AM Real wages to decline to 2008 levels in massive blow for Australian workers trends now

The terrifying chart that shows how your wages will be stuck in 2008 by December next year as prices soar and pay goes BACKWARDS Australian workers no better off than they were in 2008 according to new graph Australian Bureau of Statistics revealed real wages have slowly been going down Real wages expected to bottom out in December and reach same level as 2008 

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Australian workers will soon be no better off than they were in 2008 with real wages rapidly declining, according to a terrifying new chart. 

The Australian Bureau of Statistics has revealed that real wages have slowly been going backwards since peaking after March 2020.

Figures are expected to bottom out in December 2023 and reach the same level as they were in 2008.

Real wages refers to a worker's income that has been adjusted to reflect the current cost of living.

Centre for Future Work's Policy director Dr Greg Jericho described the drop as 'horrific' and 'drastic'.

Australian workers will be no better off than they were in 2008 with real wages rapidly declining, according to a terrifying new chart (stock image)

Australian workers will be no better off than they were in 2008 with real wages rapidly declining, according to a terrifying new chart (stock image)

The Australian Bureau of Statistics has revealed that real wages have slowly been going backwards since peaking after March 2020

The Australian Bureau of Statistics has revealed that real wages have slowly been going backwards since peaking after March 2020

'Your wages might have gone up 20 per cent, but prices have gone up by 30 per cent,' he told news.com.au.

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