Average pay rises in private sector agreements struck in last year's December quarter returned to the recent trend of about 3% a year, according to new Department of Employment data.
The number of industrial disputes hit an 11-year high last year, according to new ABS data released today, but they are nevertheless occurring at less than 15% of the level of 30 years ago.
A reduction in size and frequency of pay rises explains the recent historically-low growth in wage rates, according to new RBA research conducted in collaboration with the ABS.
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Growth in rates of pay excluding bonuses are now firmly below 2% for the first time since the ABS began compiling the Wage Price Index nearly 20 years ago.
