The key here is that wage inflation would underpin sustained inflation across the whole economy. So if wages are heading higher, that’ll give the RBA confidence that inflation is sustainable.
More from Izaac Ronay
A Choppy Year Ahead
The central banks are (for now) exiting their asset purchasing programs. This will allow more speculation to come into the markets. The one thing I’m expecting this year is increased volatility.
A Revolution Is Coming, Just Not the Kind You Might Think
This can come in the form of revolt. The kind of events that lead to a communist revolution at the extreme end — the literal murder and enslavement of the rich class.
Izaac Ronay is the editor for
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