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Treasury forecasts wage cuts following superannuation increase

3 minute read object(stdClass)#17743 (8) { [ image intro ]=> string(58) images/articleimages-391x261/850x492/Steven-Kennedy-ad.jpg [ float intro ]=> string(0) [ image intro alt ]=> string(62) Treasury forecasts wage cuts following superannuation increase [ image intro caption ]=> string(0) [ image fulltext ]=> string(0) [ float fulltext ]=> string(0) [ image fulltext alt ]=> string(0) [ image fulltext caption ]=> string(0) } John Buckley A A Treasury secretary Steven Kennedy told Senate estimates on Tuesday morning up to 80 per cent of future superannuation guarantee increases are forecast to come at the cost of workers’ wage growth. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778434582-0 ); }); } Advertisement Dr Kennedy said that as each 0.5 percentage point increase takes hold of the superan ....

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Australian Treasury: Super increase will lower wages

Australian Treasury: Super increase will lower wages
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

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JobKeeper fallout overstated, Treasury reveals

1 minute read object(stdClass)#17677 (8) { [ image intro ]=> string(0) [ float intro ]=> string(0) [ image intro alt ]=> string(0) [ image intro caption ]=> string(0) [ image fulltext ]=> string(0) [ float fulltext ]=> string(0) [ image fulltext alt ]=> string(0) [ image fulltext caption ]=> string(0) } Jotham Lian A A In an address to an Australian Business Economists’ lunch on Tuesday, Dr Kennedy revealed that between 16,000 and 40,000 workers on JobKeeper had lost employment after the $90 billion wage subsidy program ended on 28 March. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778434582-0 ); }); } Advertisement The new figures, drawn from estimates from Single Touch Payroll microdata for the fortnight ended 11 April, are well below the anticipated 100,000 to 150,000 job losses that the T ....

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