---
title: "Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296374721.md"
description: "While Australia faces a decline in real wages, major corporations continue to report strong profit growth. NAB saw a 5% profit increase, CBA rose 7%, BHP grew 9%, and Rio Tinto surged 47% in the first half of the year. This contrast highlights corporate financial success despite wage stagnation."
datetime: "2026-08-19T15:12:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296374721.md)
  - [en](https://longbridge.com/en/news/296374721.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296374721.md)
generator: "portal-rs"
---

# Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine

Excuse me while I sadly cross off another three months on my “waiting for a wages breakout” calendar. Before I get to the wages figures, may I pause to note that this month NAB reported a 5% increase in its profits compared with last year, CBA reported a 7% increase in its cash profit, BHP reported annual profit growth of 9% and Rio Tinto recorded a 47% profit increase in the first half of this year. Let’s just leave those figures there. Maybe...

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**