High-skilled professionals in Australia are leaving their jobs in search of higher wages, driving up wage pressures in the private sector. According to the Reserve Bank of Australia (RBA), the professional and business service sectors had a particularly sharp increase in board mobility. “Part of this increase reflected workers catching up on planned job changes that had been put on hold, as well as more workers feeling encouraged by strong labour market conditions to change jobs,” according to RBA board meeting minutes (pdf). However, the RBA said the labour movement in Australia was different from the American “Great Resignation,” where job resignations rose to historically high levels when employment remained considerably low. The higher rate of voluntary job turnover in some sectors could push employers to offer higher wages to retain their workers. Professional services recorded the highest wage growth, at three percent, while other areas of the private sector had …