Mirabile dictu: Fake Left discovers war on wages

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For the past five years, MB has berated the emergence of Australia’s Fake Left commentariat as it obsessed over minor social policy battles while a broader class war gutted worker’s wages. Finally today the Fake Left appears to be awakening. The driver is the ALP putting wages on the agenda, forcing until now socially focused commentary to consider the class war that has developed at the heart of the Australian economy.

Typical of this is Crikey which has been building into a swing of perspective for a few weeks. Bernard Keane finally spelled it out Friday:

Bill Shorten, presenting his plans to reform industrial relations to lift wages growth, told Australia’s business elite this week that “getting wages moving isn’t a war-cry for class warriors”. Except, it should be. Wage stagnation in Australia, as in other economies, is an act of class war. It’s a war started by powerful corporations and enabled by their political and media allies.

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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.