Dumb unions lobby to lower workers’ wages

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By Leith van Onselen

You can’t make this stuff up. Unions are reportedly seeking to change Labor’s platform on superannuation at its upcoming national conference, demanding an increase in the superannuation guarantee to 15% by 2030. From The AFR:

The Transport Workers Union and the Construction, Forestry, Maritime, Mining and Energy Union are driving the push as part of a broader amendment to the party’s platform at its national conference this weekend…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.