Wages have increased at their fastest rate since 2009 following a decade of unusually slow growth. Aggregate wages grew 4.0 per cent in the year to September 2023, according to government data released on Monday. Wages in the lowest paid and second lowest paid categories increased by 6.7 per cent and 5.0 per cent respectively during the same period. All pay groups except the highest bracket recorded their largest quarterly growth since 2009, with a 4.6 per cent quarterly jump for the lowest earners. Still challenging real wage growth is inflation, with the consumer price index currently more than five per cent - compared with the…
