Labor mulls wage rises for only the poorest

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The wages war rages on with more good material from the suddenly less Fake Left over the weekend. Mike Seccombe at The Saturday Paper:

Back then Tony Abbott’s chosen employment spokesman, Eric Abetz, led the scare campaign, doing his very best to talk up the threat of an economy-wrecking wages breakout. He was never clearer than on January 28, 2014, four months after the Coalition won, in a speech to the right-wing Sydney Institute, where he specifically demanded that employers suppress wages.

Abetz spoke of how frustrating he found it, in opposition and now in government, to watch “weak-kneed employers caving in to unreasonable union demands”. He told employers to “just say no” to wage rises.

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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.