Treasurer Jim Chalmers has been caught out misrepresenting the latest wages data to claim the average worker is better off under Labor.<\/p>\n\n\n\n
Treasury analysis claiming Australian workers were better off under Labor fails to account for the impacts of inflation, collapsing labour productivity and the fact that GDP per capita fell by -0.3% in Labor\u2019s first year in office.<\/p>\n\n\n\n
Asked in Senate Question Time whether Treasury analysis promoted by the Treasurer accounted for inflation, Finance Minister Katy Gallagher couldn\u2019t name the real wages outcome for the last financial year.<\/p>\n\n\n\n
Shadow Treasurer Angus Taylor said this is further proof that the Treasurer is a Doctor of Spin not a Doctor of Economics.<\/p>\n\n\n\n
\u201cThe conga line of Labor Ministers claiming this analysis as a victory shows the Treasurer and the government are completely out of touch with the very real and painful cost of living pressures facing Australian families,\u201d Mr Taylor said.<\/p>\n\n\n\n
\u201cData from the Australian Bureau of Statistics (ABS) shows working households are in fact paying 9.6 per cent more <\/strong>under this government.<\/p>\n\n\n\n \u201cMortgage bills have doubled, power bills are up more than 15 per cent, productivity has fallen off a cliff and last week\u2019s National Accounts revealed we\u2019re now in a per capita recession. This means the only thing left propping up our economy is record population growth.<\/p>\n\n\n\n \u201cAustralians need a Treasurer laser-focused on fighting inflation but instead they have a tricky Treasurer who is more interested in spinning numbers then solving the cost of living crisis.<\/p>\n\n\n\n \u201cA Treasurer focused on reinventing capitalism, wasting money, raising taxes, reshaping the productivity commission to suit Labor\u2019s big Australia agenda and prioritising airlines to drive up the cost of airfares then take its competition policy seriously.\u201d<\/p>\n\n\n\n Shadow Minister for Employment and Workplace Relations Michaelia Cash said the truth is the Albanese Labor Government is a walking talking economic disaster.<\/p>\n\n\n\n \u201cThe Albanese Labor Government thinks it can con Australians into believing that they are better off under Labor,\u201d Senator Cash said.<\/p>\n\n\n\n \u201cBut Labor\u2019s extreme spin can\u2019t hide the truth that Australians\u2019 real wages are falling under Labor.\u201d<\/p>\n\n\n\n ENDS.<\/p>\n\n\n\n