House debates
Tuesday, 8 December 2020
Questions without Notice
Superannuation
2:28 pm
Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source
Mr Speaker, I can inform him that under the coalition we have seen the real minimum wage increase, whereas under the Labor Party we saw the real minimum wage decrease in three out of the last six years. What we have seen with wages growth is around the 20-year average of 0.7 per cent.
But if the member for Rankin is referring to wages growth and also superannuation, he should look at the comments by the Governor of the Reserve Bank, who pointed out very clearly that when it comes to increases in superannuation it is a trade-off with wages. We are looking to get more Australians into work and that's how we'll increase their wages.
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