Wednesday, November 15, 2017

ACTU – Figures show wage shock continues

15 November 2017

Statement from ACTU Secretary Sally McManus:

“Today’s ABS wage growth statistics show that wage growth has flat-lined and that Australia needs a pay rise.

Annual wages growth remains at close to record lows at 2.0 per cent in the September quarter 2017.

“Working people are struggling to keep their heads above water.

“Corporate profits are increasing 40% annually, and yet none of that money is making its way into the hands of working people. A third of big businesses don’t pay their tax. Neo-liberal economics has failed.

“Australian workers need a pay rise. Wages aren’t growing and it’s a clear sign that the neo-liberal economics of this, and previous coalition governments, have failed.”

“We need to change the rules to put money in the pockets of working people; something we know will drive economic growth.”

“The Turnbull Government has cut wages for 700,000 people, failed to argue for an increase in the minimum wage and campaigned against paid family and domestic violence leave.”

“Everyone from Treasury to the RBA has said that flat-lining wage growth is dragging the economy down. The Turnbull government must act to improve working people’s living standards.”

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