John Kehoe has no idea on wages

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The AFR’s John Kehoe has tried to argue that the Senate’s rejection of the Coalition’s Industrial Relations (IR) Omnibus Bill would somehow drive wages lower:

Wage growth is incredibly weak.

The gutting by the Senate of the Morrison government’s already-modest industrial relations reforms will not help.

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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.