Fake Left and Fake Right war over fake money

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Via Sally McManus today:

Unions will push for a record $50-a-week pay rise for the nation’s lowest-paid, more than double the amount awarded last year.

ACTU secretary Sally McManus has declared a big increase is needed to address low wages growth, penalty-rate cuts and rising living costs.

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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.