’Tis the season to let loose the purse strings and spend up big – so can Aussie workers hope for a pay rise in 2022 to help pick up some of the festive tab??

In the United States, wages are already growing at their fastest pace in two decades. Consumer prices are also rising at above 6 per cent, prompting the US Federal Reserve Board chair Jerome Powell last week to ditch the term “transitory” to describe inflation.

Today on Please Explain, senior business columnist Stephen Bartholomeusz joins Jess Irvine to discuss whether higher US wages and interest rates could spill over here.

&rsquo;Tis the season to let loose the purse strings and spend up big &ndash; so can Aussie workers hope for a pay rise in 2022 to help pick up some of the festive tab??
In the United States, wages are already growing at their fastest pace in two decades. Consumer prices are also rising at above 6 per cent, prompting the US Federal Reserve Board chair Jerome Powell last week to ditch the term &ldquo;transitory&rdquo; to describe inflation.
Today on&nbsp;Please Explain, senior business columnist Stephen Bartholomeusz joins Jess Irvine to discuss whether higher US wages and interest rates could spill over here.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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