Employer groups double down on wage-inflation propaganda
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Unions across a range of sectors will now push for larger inflation-adjusted pay rises for their members in the wake of the latest minimum wage case.
This has prompted the usual cabal of business lobby rent-seekers to scaremonger over a ‘wage-price spiral’:
“Employers are experiencing rapid rises in costs for raw materials and energy, as well as supply chain disruptions and labour shortages” [Migration Council Chair and Australian Industry Group chief executive Innes Willox said].
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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.