Industry funds concede SG rise linked to wage drop Industry funds concede SG rise linked to wage drop The advocacy body for industry funds has slammed Coalition backbenchers’ campaign against future SG rises, while conceding that they will result in a “short term” drop in wage growth. A A 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”.