This change is evident in the WPI measure including bonuses, which for most of the available history increased at the same rate as the measure excluding bonuses (Graph 10). But in the second half of the previous decade, the measure including bonuses increased at a faster rate as firms competed for workers.
Graph 10  Wage Price Index Growth Year-ended %  %  4  4  3  3 Excluding bonuses and commissions  2  2 Including bonuses and commissions*  1  1  0  2001 *  2006  2011  2016  0 2021  Not seasonally adjusted  Source: ABS  The outlook So what does this all mean for the future?