Stephen Miller from GSFM joins ausbiz to suggest that concern about the wage increase among aged care workers in Australia is arguable. He reasons that while there was a notable impact from award wage rises due to the Fair Work Commission decision, individual agreements have risen sharply, which he attributes to benchmarking against the CPI. Stephen outlines his anticipation for data on national accounts, wage numbers, productivity, and unit labour cost, suggesting these metrics will more precisely gauge inflation.

Watch Stephen Miller on ausbiz

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.
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