![Illustration: Glen Le Lievre.](/web/20170325084545im_/http://www.smh.com.au/content/dam/images/g/v/5/s/6/v/image.related.wideLandscape.460x259.gv5iir.png/1490325976280.jpg)
Don't buy the 'money illusion': Here's what's happening to real wages
Economists may not be much chop at forecasting how fast the economy will grow in the next year or two, but that doesn't mean they haven't learnt a few things about how economies work.