Fair retort. In hindsight I shouldn’t have used the word inflation, because i’m actually just referring to the cost of living of Joe Average which I incorrectly assumed would be contextually obvious.
But I love that you want a source for that bit, and not the whole entire premise of this topic.
Source please
https://www.abs.gov.au/statistics/measuring-what-matters/measuring-what-matters-themes-and-indicators/prosperous/wages
In Australia ~ 4 in 21 years of wage growth was negative compared to CPI
Fair retort. In hindsight I shouldn’t have used the word inflation, because i’m actually just referring to the cost of living of Joe Average which I incorrectly assumed would be contextually obvious.
But I love that you want a source for that bit, and not the whole entire premise of this topic.