Wages growth has 'picked up substantially' under Albanese govt: Chalmers

Treasurer Jim Chalmers says wages growth has “picked up substantially” in the first months of the Albanese government.

“The former government presided over a decade of deliberate wage stagnation and wage suppression,” Mr Chalmers told Sky News Australia.

“And what we're seeing now in these really welcome and pleasing figures from the first months of the Albanese Labor government is that wages growth has picked up substantially.

“It’s around 3.1 per cent right now – the average of the decade before that was about, I think, 2.3 per cent.”