While the sector’s earnings have increased sixfold, poor bargaining power has left its employees among the lowest paid in Australia and most vulnerable to inflation
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Retail worker salaries are failing to keep pace with the rising cost of everything and lag increases secured by those in other sectors, despite a period of elevated company profits.
Gross operating profits in the retail sector have increased by more than six times since 2001, while retail wages have risen by less than half as much, according to ABS data.
