{"id":1068,"date":"2018-12-18T05:58:55","date_gmt":"2018-12-18T05:58:55","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=1068"},"modified":"2018-12-18T05:58:55","modified_gmt":"2018-12-18T05:58:55","slug":"pigs-will-fly-before-heroic-myefo-wage-growth-forecasts-come-true","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2018\/12\/18\/pigs-will-fly-before-heroic-myefo-wage-growth-forecasts-come-true\/","title":{"rendered":"Pigs will fly before heroic MYEFO wage growth forecasts come true"},"content":{"rendered":"<p>Greens employment spokesperson Adam Bandt MP today noted MYEFO joins 8 years of heroic wage growth forecasts that haven\u2019t come true, making this mid-year update more fantasy than reality.<br \/>\n\u201cIf history is anything to go by, we\u2019ll see pigs at 35,000 feet before these wage growth forecasts come true,\u201d said Mr Bandt.<br \/>\n\u201cWe\u2019re now in our 8th year of broken wage growth promises.<br \/>\n\u201cNeoliberalism does not deliver decent wage rises.<br \/>\n&#8220;We need to legislate a floor under the minimum wage, restore cuts to penalty rates and recalibrate the economy so it serves working people.<br \/>\n\u201cWorking people are entitled to be sick and tired of this government, but there\u2019s no guarantee that Labor will deliver either. If the market won\u2019t deliver wages growth, the next government needs to implement policies to generate it.\u201d<br \/>\nBelow is a graph representing the gap between forecasted increases to wage growth and actual wage growth:<br \/>\n<img decoding=\"async\" id=\"_x0000_i1025\" src=\"https:\/\/meltwater-apps-production.s3.amazonaws.com\/uploads\/images\/58e2e13616fd38b917311cea\/blobid0_1545021177356.png\" \/><br \/>\nSources: Budget Strategy and Outlook: Budget paper No. 1; Statement Two: Economic Outlook, Table 1; and MYEFO, December 2018<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greens employment spokesperson Adam Bandt MP today noted MYEFO joins 8 years of heroic wage growth forecasts that haven\u2019t come true, making this mid-year update more fantasy than reality. \u201cIf history is anything to go by, we\u2019ll see pigs at 35,000 feet before these wage growth forecasts come true,\u201d said Mr Bandt. \u201cWe\u2019re now in &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2018\/12\/18\/pigs-will-fly-before-heroic-myefo-wage-growth-forecasts-come-true\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pigs will fly before heroic MYEFO wage growth forecasts come true&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1068","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=1068"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1068\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=1068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=1068"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=1068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}