Is Australia on track for a pay rise?
Australian wages have been stuck for a long time. In fact they've hardly twitched for about a decade now. The conventional wisdom as to why, is that we had an oversupply of workers, and not enough work for them to do. So with borders closed to foreign workers, and a number of industries desperate for local ones, what's keeping wages low? And could it be about to change? Featured: Sarah Hunter, Chief Economist, BIS Oxford Economics