A bit of comedy today from Australia’s soon to be ousted federal Treasurer:
The Treasurer said the wage data was “as forecast in the budget” — which pencilled in wage growth rising from 2 per cent this year to 3.5 per cent by 2021 — and in line with market expectations. “With the strongest jobs growth of 240,000 jobs since before the GFC in 2016-17, we are getting results and it is important that we continue to make the right choices to secure the better days ahead, to see these results flow into wages,” he said.
However, Westpac chief economist Bill Evans said wage growth of about 2 per cent was a better forecast for the next few years. “This is a global story: you’ve got countries like the US and UK with much less spare capacity in their labour market than ours, and they aren’t generating strong wage growth,” Mr Evans said…
“As forecast in the Budget”, hey Scott. I think not:
Do you find lying difficult, or does it just come naturally?
