Economist warns Bill Shorten against 'overpromising' on wages

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Economist warns Bill Shorten against 'overpromising' on wages auspol

Opposition Leader Bill Shorten's promise to deliver a "living wage" is a risky political play that aims to capture swinging voters and fails to address poverty, a leading economist has warned.

Despite selling the policy as a "sensible, measured, consultative" move that would "consult the experts and get everyone around the table", the Labor leader faced an immediate backlash from employers, who argue it will damage businesses and subvert the commission's independence. "When I hear Bill Shorten talking about wages, I worry about what the average punter is thinking," he said.

And he questioned how Labor could deliver on its promise to boost low-paid workers' pay without upending the established system of wage relativities.

 

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That ain't even the half of it...

Fix the tax system first. That would stimulate the economy and wages would soon follow auspoll

Economist are a waste of space and are rarely rite. Thake the immigration disaster. Imm was supposed to help the AU economy, it may of for some non taxpaying corporations. but it also smashed the living standards and conditions of every day Aussies. Mongrels!!!!!!!!!!!!!!!!!!!!!

Why do politicians continue to make statements they can't backup. Do they truly think most of us are that silly and believe these types of statements. If only those that believe these things understood it can't be done. I suppose this buys votes.

This comment from Richardson is telling: Shorten is 'using the IR system to do the job of the welfare system'. If you use the welfare system, it allows the 'makers' to lord it over the 'takers'. If you use the IR system, employers have to pay the real cost of the labour they use.

The age should be warning the electorate of voting labor and the consequences 😂😂

is Shorten giving Pensioners an unemployed a living amount

An economist who's earning plenty telling the low paid we can't afford a pay rise

Shorten has already over-promised on wages. He will bring it on if he gets elected. God help us!

He'll have to walk the middle line. Both views are valid. Finding the sweet spot is the trick.

Pay rise cost only get past on to the consumer in one hand out tbe other and unemployment to casual staff and decreased hours when buisness has a pay rise under an agreement the bottom line does not change so payment is reduced in reducing casual hours been there and done that

They should warn him on over promising on every aspect of his proposed cash give--away budget! I can't keep up with all his leftist vote buying campaign. australian expat now refugee in croydon london auspol

Thanks Fairfax, by the way your vested interest in keeping corps tax feee whilst workers struggle to survive is showing. 🙄

I think he has the right idea but needs to get this well sorted out, taking into account how the taxation quotient comes into play when promising higher wages.

Just a election lie to get into power.

Stupid lasts FOREVER .

Lol Deloitte does contracts for the Government

Pinky Bill is here to save the day!

Do you think billshortenmp really cares? His sole priority is to get into the Lodge. He has already proven this, starting with Beaconsfield when he pushed other union reps away to get himself in front of the tv cameras.

if childcare workers got a pay rise from $19/hr to $25/hr the cost to parents would go up to $140/day

Typical hysterical reaction from the gatekeepers of greed. There’s an obvious inbalance here. Protecting businesses that perhaps shouldn’t exist is a false economy. Or maybe it will force them to rearrange their finances more honestly?

Labor will 'overpromise' anything & everything in order to gain power. They've even re-launched their Mediscare campaign.

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Economist warns Bill Shorten against 'overpromising' on wagesOpposition Leader Bill Shorten's promise to deliver a 'living wage' is a risky political play that aims to capture swinging voters and fails to address poverty, a leading economist has warned. Dana_Adele Polite way of saying if Bill Shorten wants to buy votes by promising a lie that will move unemployment over 10% he will do it to get elected. Dana_Adele Yes, it needs to be combined with a major increase to pension and unemployment payments because (newsflash) poor people spend their extra cash and help improve economic activity by increasing circulation of money. auspol AusVotes2019 trickleup MMT Dana_Adele Pinky Bill can do it.
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