Talk about being sold a fantasy
“Workers have enjoyed larger sums of 4%”! What a load of bullshit they have “suffered” by not keeping up with inflation and reducing what little savings they may have had doing precarious jobs. Meanwhile, business has enjoyed double-digit profits and paid less tax than the average middle-class family. Michael West seems to be selling a very colored story. One you generally see peddled by our mainstream Murdoch and Costello media. The truth of the matter is workers and their families are paying for the inflated profits of our biggest businesses.
While workers have enjoyed larger sums landing in their bank accounts, extremely high inflation has robbed Australians of a real wage rise.
Source: Wages and jobs data to take centre stage – Michael West