The LNP believes higher wages lead to higher costs and therefore higher unemployment. That’s why they oppose them at every opportunity. But wages growth as at September 2014 was just 2.6% for the year, which translates to a drop of $2.3 billion in tax revenues from the 2014-15 budget estimates. No wonder Hockey was looking so despondent when presenting the national accounts. And guess what? Unemployment is increasing.
Read more at: The Australian Independent Media Network