Australians could finally get a decent pay rise from next year with Treasurer Josh Frydenberg dropping a key hint.
Wages last year grew by just 1.4 per cent and have been at below-average levels under 3 per cent since 2013.
Nonetheless, Mr Frydenberg is expecting Australia's unemployment rate to get back to pre-Covid levels by as early as next year, counting from the start of the pandemic.
'In stark contrast, following this recession, we are on track for the unemployment rate to recover in around two years,' he told the Australian Chamber of Commerce and Industry.
Australians could finally get a decent pay rise from next year with Treasurer Josh Frydenberg dropping a key hint. Pictured is Sydney Broadway Shopping Centre supervisoer Kitty Ruce