Greg Jericho spells it out with graphics… the Australian standard of living has been falling since 2020 and will take years to recover (if at all). All of the noise made about wages fueling inflation is a lot of bull, there is no truth to it and no data to back it up. Don’t believe what most conservative economists tell you. Don’t believe a foolish press medium either. Wages need to move faster than inflation for us to be as well off as we were fourteen years ago (14 yrs… yes, that’s right). Neo-liberal economic policies are all about feeding the greedy at the top of the food chain, period.
