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Poorest rise in two decades has wage growth ‘stuck in the mud’

Article image for Poorest rise in two decades has wage growth ‘stuck in the mud’

Wage growth continues to remain sluggish, with pay packets increasing by half-a-percent in the first three months of the year.

Mining, retail, rental hiring and real estate services saw the slowest annual wage growth.

Cheif Economist at Capital Economics Paul Dale tells Ross Greenwood wage growth is “stuck in the mud”.

“Wage growth appears to be stuck in the mud at just above 2%, which is only slightly above the record low we saw in 2016-17 at 1.9%.

“Unfortunately I don’t think it’s going to rise much over the next few years either.”

Listen to the full interview below

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