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Via Bill Shorten yesterday:
Household bills are simply through the roof. Things have always gone up — people understand that. The big difference is this time the wages are staying down.
Our economy has grown since the Global Financial Crisis, workers are more productive than ever, company profits went up 20 per cent last year alone.
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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.
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