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What will it take to see wages grow in Australia?

Young Australians have lost a decade of income growth, and as the nation enters a recession that looks perilously similar to a depression, it’s only going to get worse.

A new report by the Productivity Commission revealed that young people’s average incomes declined between 2008 and 2018. In contrast, wage rates for Aussies aged 35 to 54 continues to grow. 

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What will it take to see wage growth in Australia? Source: Getty

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