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Innes Willox – chair of the Migration Council of Australia and CEO of the Australian Industry Group – claims that allowing wages to rise in line with inflation is the number one threat to the economy:
Innes Willox on Monday said businesses were under pressure from unions pushing across-the-board wage rises at “an unsustainable level for many businesses”…
“This is perhaps the No.1 issue,” he told Ausbiz.
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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.