How is it that Peter Dutton says “It’s a Labor and a Union fault” and Albanese doesn’t. But then at the same time, he doesn’t address it? Corporate profits are rising in the sector that’s been pointed out to be the biggest of our tax evaders, the biggest thieves of workers’ wages and superannuation, the biggest scammers of government-provided services, the biggest employers of casualized and temporary imported labor, and the biggest investors in AI technologies to reduce labor altogether yet as Fels and every data collector tells is raising prices?

When the political center has drifted so far right of center any moderate left-wing opposition gets to be labeled extreme left allowing for indecision and nothing done. Albanese’s small target tactics in his first term doesn’t bode well for a more progressive second.

Corporate profits have continued to soar, driving inflation while effectively reducing workers’ wages.

The findings from the Australia Institute’s Centre for Future Work found salaries have not kept up with inflation as companies mark up prices and record sky-high revenues.

The evidence “couldn’t be any clearer”, the centre’s director Jim Stanford said.

Corporate profits will need to take a hit.

Source: Soaring corporate profits fuel inflation, shrink wages