Skills shortage drives up wages
2018-12-06 09:37:37


Wage growth I gather is on average 3% this year. This follows several years of 0% wage growth in the past. 3% growth after 2-3 years of 0% growth means people have gone backward. After all inflation is running at 1.5% each year for the past several years. 1.5% each year over 3 years is 6% in total and that means what you buy has gone up by 6%. Then you get a 3% increase. So you've gone back by 3% is a better way to describe this Mining International. Ray Pavri, 06/12/18