Shorten tilts at wages “grand bargain” windmill

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Via Domainfax:

Unions, business and the federal Parliament should come together and strike a “radical” grand bargain that would deliver a much-needed pay rise for ordinary Australians, Labor leader Bill Shorten says.

…In the speech, the Opposition Leader argued Australia is in danger of having growth without prosperity, and there has been a growing divide since the Global Financial Crisis between wage earners and people who derive wealth from assets such as property portfolios.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.