Wages for everyday Australians will be 'going backwards for the next couple of years'

Sky News Business Reporter Edward Boyd says wages for everyday Australians will be going backwards for the next couple of years.

The gap between wage growth and inflation is getting wider in Australia as annual wage growth in the year to June is expected to be 2.7 per cent.

“2024, so another two years and a few months is when the Reserve Bank expects wage growth to be higher than the level of inflation in Australia’s economy,” Mr Boyd told Sky News Australia.