Big super lashes backbenchers, ‘heroically unrealistic’ retirement review Lachlan Maddock 12 March 2021
Industry funds have admitted that higher super will come at the cost of wage growth, but believe that the trade-offs will be worth it.
A new report shows that the legislated increase to 12 per cent will come at a small cost to jobs and wages before driving a $12 billion expansion to the economy in the medium- to long-term – something researcher ACIL Allen believes will “lead to more jobs, higher real wages, and higher real incomes for Australians than will occur without the increase in the SG rate”.
“What the modelling demonstrates is that there is a small, short-term dip in average wage rises, but by 2025 real wages start to increase…To put that in perspective, the impact on wage rises for average wage levels in that period to 2025 when there is a dip is 30 cents a week, and I reckon we can handle it,” Industry Sup
Turning point? : Meghan and Harry interview wounds royal brand msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
CANBERRA, Aurtralia (AP) Australian Prime Minister Scott Morrison on Monday stood by an unidentified Cabinet minister against calls for him to step down over an allegation he raped a 16-year-old.
Meghan and Harry s Oprah Interview Boosts Calls for Australia to Cut Ties with Monarchy yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.