What a wage-price spiral looks like

It’s a “top shelf” week for economic data, with labour force figures, wage growth numbers and the Reserve Bank minutes all due. 

Michael Thompson is joined by economist Stephen Koukoulas to unpack what the wage price index actually measures, why monthly employment numbers can be volatile, and how real wages, productivity and consumer spending all connect. Plus - what would it take for Australia to fall into a wage-price spiral, and why that remains unlikely.

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