Job losses and stagnant wage growth as cost of living rises during pandemic
Australia’s major banks are projecting up to 300,000 Sydney jobs will be lost as a result of the protracted lockdown which is now tipped to conclude at the end of August. It comes as prices for staples such as fruit, vegetables and petrol rise at double the rate of wages growth. Today on Please Explain, economics correspondent Jennifer Duke joins Nathanael Cooper to discuss what this grim outlook means. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.