Rising labour supply will help damp wage growth in Australia
POPULATION AND WORKING-AGE POPULATION GROWTH
3.5
3.5
3.0
3.0
WORKING-AGE POPULATION
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
TOTAL RESIDENT POPULATION
0.5
0.5
QUARTERLY DATA. INTERPOLATED ANNUAL DATA PRIOR TO 1978.
0.0
0.0
50 55 60 65 70 75 80 85 90 95 00 05 10 15 20 25
1
Sources: ABS, Melbourne Institute
26
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