, Columnist
Are Central Bankers Turning Marxist?
Workers aren't the only ones frustrated over low wages.
What they want to see.
Photographer: William West/AFP/Getty ImagesThis article is for subscribers only.
Philip Lowe has been in office for a little less than a year and he's treading into territory central bankers have traditionally feared to enter.
The Reserve Bank of Australia governor has decried weak 2 percent wage growth (he's called the trend "insidious"), urged workers to demand higher pay and warned that year-after-year of mediocre compensation gains erodes support for "sensible economic policy." The last comment is a not-so-thinly veiled swipe at populism.