Labor and the Coalition's plan to increase compulsory employer superannuation contributions to 12 per cent will cost workers up to $20 billion a year in wages once it is fully implemented, new figures show, stinging millions of workers already battling historically low wage growth.
The Grattan Institute will on Friday release a report that shows the cut to wages from raising compulsory super is big. Mr Coates said the policy sits at odds with Labor's determination to fight a campaign on wages growth and would deliver an income boost in retirement when workers needed a pay-rise now.
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Increasing compulsory super will leave workers poorer, Grattan Institute saysLow-to-middle income Australians will be worst hit by a legislated plan to increase compulsory superannuation contributions from 9.5 per cent to 12 per cent by 2025, the Grattan Institute warns. the world will be over before we can access it who cares So basically, they are saying it’s not worth saving more because it means the government will take it back via lower pension payments. Well perhaps pensions need to be reformed at same time as 12% super is implemented. 'will leave workers poorer,' but make pensioners richer... Reporting from the boat. ABC 🤣🤣🤣
Source: abcnews - 🏆 5. / 83 Read more »
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Shorten wins campaign's first leaders debate | Sky News AustraliaOpposition leader Bill Shorten has won the first leaders' debate of the election campaign, according to an audience of 48 undecided voters.\n\nBy the end of the face-off, 28 members of the audience said they would vote for Bill Shorten, while only 12 walked away backing Prime Minister Morrison and 11 others remaining undecided.\n\nThe showdown focused primarily on well-trodden policy areas and comes as 110,000 people already cast their ballot in the first 7 hours of early voting.\n\nImage: News Corp Australia\n\n\n\n\n\n\n\n\n smh ScottMorrisonMP I think Scott Morrison is doing a hell of a lot better than anyone really expected. I think he's a sound pair of hands. When you look at Bill Shorten, not so much. smh ScottMorrisonMP The greater liability to ScottMorrisonMP is Scott Morrison MP. smh ScottMorrisonMP I couldn’t quite pin point it but that’s exactly what it is. In contrast, labor are promising this and that and they are good for the ears even though we have no idea how they’re going to fund them
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Shorten wins campaign's first leaders debate | Sky News AustraliaOpposition leader Bill Shorten has won the first leaders' debate of the election campaign, according to an audience of 48 undecided voters.\n\nBy the end of the face-off, 28 members of the audience said they would vote for Bill Shorten, while only 12 walked away backing Prime Minister Morrison and 11 others remaining undecided.\n\nThe showdown focused primarily on well-trodden policy areas and comes as 110,000 people already cast their ballot in the first 7 hours of early voting.\n\nImage: News Corp Australia\n\n\n\n\n\n\n\n\n chriskkenny billshortenmp But course you would say that .... chriskkenny billshortenmp chriskkenny billshortenmp FFS Chris.
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Shorten wins campaign's first leaders debate | Sky News AustraliaOpposition leader Bill Shorten has won the first leaders' debate of the election campaign, according to an audience of 48 undecided voters.\n\nBy the end of the face-off, 28 members of the audience said they would vote for Bill Shorten, while only 12 walked away backing Prime Minister Morrison and 11 others remaining undecided.\n\nThe showdown focused primarily on well-trodden policy areas and comes as 110,000 people already cast their ballot in the first 7 hours of early voting.\n\nImage: News Corp Australia\n\n\n\n\n\n\n\n\n J_C_Campbell Why is accusing someone of an 'untruth' not being nice or civil? To accuse someone of deception is not abusive. J_C_Campbell Pensioners don't get franking credits, they barely get enough to live on, yet millionaire retirees are getting refunds for paying no tax. What's fair there? I'm sure most pensioners worked much harder in their lives for money than any of these wealthy retirees. auspol J_C_Campbell How can you have a media debate with a Labor audience, all they did was laugh at Bills no brain Zingers, and he had to read those of a piece of paper.
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Increasing compulsory super will leave workers poorer, Grattan Institute saysLow-to-middle income Australians will be worst hit by a legislated plan to increase compulsory superannuation contributions from 9.5 per cent to 12 per cent by 2025, the Grattan Institute warns. the world will be over before we can access it who cares So basically, they are saying it’s not worth saving more because it means the government will take it back via lower pension payments. Well perhaps pensions need to be reformed at same time as 12% super is implemented. 'will leave workers poorer,' but make pensioners richer... Reporting from the boat. ABC 🤣🤣🤣
Source: abcnews - 🏆 5. / 83 Read more »