Federal Politics

Peter Martin

Peter Martin is the Economics Editor for The Age.

RBA governor Phil Lowe is unhappy with the prospect of continued low wages growth.

It's what they wanted, but it hurts

Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.

The number of jobs rose by 13,500 in the month, but that was entirely due to growth in part time work, with full-time ...

RBA's hands tied as wage growth hits new record low

Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.