Reserve Bank cautions on two-speed tech economy

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Reserve Bank cautions on two-speed tech economy

Widening gap between winners and losers stunts wage growth.

The Reserve Bank of Australia (RBA) has called out an increasing gap between technological leaders and laggards in Australia’s economy as a key reason why wages growth continues to languish at around two percent. Speaking in Melbourne on Wednesday, RBA Governor Philip Lowe used a speech to ...

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