Wrong Willox continues phoney war on wages

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Innes Willox – chair of the Migration Council of Australia and CEO of the Australian Industry Group – was at it again, telling ABC’s RN Breakfast show that the Fair Work Commission’s 5.2% increase in the minimum wage – equating to $1 per hour for Australia’s lowest paid workers – would drive “unsustainable” wage growth that will drive inflation:

“I hate to say we told you so, but we told you so, that this would be the consequence of the Fair Work Commission’s decision to grant a 5.2 per cent increase for those on the minimum wage”…

“It would empower unions to make claims that are, quite frankly, unsustainable for the economy”…

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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.