Liberal MP demands pay rise for struggling federal politicians

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With the annual inflation rate of 5.1% now more than twice the rate of wages growth, and the average Australian worker’s wages are going backwards in real terms, Indigenous Australians Minister Ken Wyatt has called for federal politicians to be given a pay rise.

The base salary of federal MPs is $211,250 a year, while cabinet ministers are paid more than $400,000.

A Labor spokesman said Wyatt’s comments show that the federal government is “staggeringly out of touch”.

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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.