Don't buy the 'money illusion': Here's what's happening to real wages

By Ross Gittins
Updated March 26 2017 - 3:13pm, first published 3:10pm

Economists may not be much chop at forecasting how fast the economy will grow in the next year or two, but that doesn't mean they haven't learnt a few things about how economies work that the rest of us could benefit from knowing.

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