Business is booming? Australian consumers know better | Greg Jericho

As wages stagnate, households spend less. Other economic news, no matter how good it looks to business, pales in significance Right now there is a growing disconnect between how business and consumers view the economy. It is a gap that will continue to widen as measures of the economy suggest things are on the improve, but wages continue to grow at record low rates. And it is a gap which will have a significant impact on how voters judge the government's economic achievements at the next electio...