MEDIA RELEASE: REAL WAGES GOING NOWHERE UNDER MALCOLM TURNBULL

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THE HON TANYA PLIBERSEK MP
DEPUTY LEADER OF THE OPPOSITION
SHADOW MINISTER FOR EDUCATION AND TRAINING
SHADOW MINISTER FOR WOMEN
ACTING SHADOW MINISTER FOR EMPLOYMENT AND WORKPLACE RELATIONS
MEMBER FOR SYDNEY
 
REAL WAGES GOING NOWHERE UNDER MALCOLM TURNBULL

Australians know that under Malcolm Turnbull and the Liberals everything’s going up except their wages. They feel it.  It’s getting harder and harder to make ends meet.
 
According to today’s Australian Bureau of Statistics (ABS) wage data, under the Turnbull Government, wages growth over the year was 2.1 per cent - the same as growth in the CPI.
 
With overall wages growth on par with inflation, real wages continue to stagnate – and Australian workers are struggling to keep up with the cost of living.  
 
Wages in the private sector – which accounts for about 85 per cent of the Australian workforce – rose by just 2.0 per cent, which means private sector real wages have gone backwards.
 
According to today’s ABS data, in the June quarter 2018 wages increased by 0.6 per cent to be 2.1 per cent higher over the year.  Annual wages growth remains around record lows.
 
Malcolm Turnbull has presided over the lowest wages growth since records began, and yet he wants to further cut the wages of hard working Australians by getting rid of their penalty rates. 
 
Mr Turnbull holds the dubious record that wages growth has never been as low under any previous Prime Minister or Government.
 
Neither the Prime Minister, the Minister for Jobs or her junior Minister have a single policy to grow wages and reduce inequality. 
 
Instead, they support cuts to wages through slashing penalty rates, argue against increasing the minimum wage, and focus all their energy on advocating for a $17 billion tax handout for the big banks.
 
Australians deserve a pay rise – and they aren’t getting one under Malcolm Turnbull.

 

ENDS