Former Labor MP, Craig Emerson, has penned an opinion piece in The AFR claiming that scrapping the scheduled rise in the super guarantee (SG) will “expand the future welfare state and force up personal taxes”:
Reserve Bank governor Philip Lowe and the Grattan Institute, persist with the argument that workers will get a wage rise if the legislated increase in the superannuation guarantee is cancelled. These are the same real wage rises that we have been told for each of the past few years were just around the corner, but which never materialised…
Since 2013, labour productivity has grown by 1.2 per cent a year while annual real wages have not grown at all…
