MEDIA RELEASE: UNDEREMPLOYMENT AND LOW WAGES GROWTH IS HURTING AUSTRALIANS, THURSDAY, 16 AUGUST 2018

commonwealthcoatofarms_2__1_.png  
THE HON TANYA PLIBERSEK MP

DEPUTY LEADER OF THE OPPOSITION
SHADOW MINISTER FOR EDUCATION AND TRAINING
ACTING SHADOW MINISTER FOR EMPLOYMENT AND WORKPLACE RELATIONS
SHADOW MINISTER FOR WOMEN
MEMBER FOR SYDNEY

UNDEREMPLOYMENT AND LOW WAGES GROWTH IS HURTING AUSTRALIANS

 

Data recently released by the Australian Bureau of Statistics highlights the fact that stubbornly high underemployment and stagnant wages growth are hurting Australian families. 

The number of underemployed Australians – that is people wanting more work but not being able to find it - is at 1.123 million. When coupled with the number of unemployed, it means there are more than 1.8 million Australians who are looking for work or more hours.
 
Labor welcomes the very small drop in the unemployment rate.  But we are concerned that there are still 706,000 unemployed Australians, with 11,300 more people lining the unemployment queue than when the Abbott-Turnbull Government was elected.
 
The youth unemployment rate remains more than double the national average.
 
When it comes to secure, decent jobs, Malcolm Turnbull remains silent.
 
His only plan is to attack workers wages by supporting cuts to penalty rates.
 
Under Malcolm Turnbull and his Liberals, Australians are suffering with insecure work, stagnant wages and skyrocketing cost of living pressures.

Mr Turnbull and his Liberals are too arrogant and out of touch to acknowledge these challenges, let alone come up with any policy initiatives to deal with them.

Instead, the Liberals support cuts to wages by slashing penalty rates at the same time as they want to give a $17 billion tax handout to the banks.  Their priorities are all wrong.
 
THURSDAY, 16 AUGUST 2018