This report provides a comprehensive analysis of the risks associated with slow wage growth in the Australian economy. It examines the multifaceted impacts on key macroeconomic indicators, including inflation, unemployment, aggregate demand, and economic growth. The study delves into the factors contributing to slow wage growth, such as low consumer price inflation, low labor productivity, and the unwinding of the mining boom. The report explores the consequences, including lower inflation, increased house prices, reduced household disposable income, and diminished government revenue. Furthermore, it investigates the effects on the aggregate demand-aggregate supply framework and the unemployment rate. The report concludes by highlighting the long-term implications of slow wage growth on the overall economic performance of Australia.