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1.Market Observations, 8.Was Sticky

23 Oct 2017 (AFR) – Labour market surge set to deliver higher wages, says economist Chris Richardson

(23 October 2017, AFR, p5, by Jacob Greber)

‘Australian workers are set to begin enjoying a return to higher wage gains as the big storm clouds of weak productivity growth and a slower China begin to clear, says economist Chris Richardson. In one of his most upbeat outlooks in years, Mr Richardson describes the 300,000 plus new jobs created over the past year as a “thing of beauty” that will remain in place thanks to a stronger global economy.’

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