Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

The living standards measure in today's national accounts went up. They also went up through the year. We know from the OECD that growth in annual per capita incomes in Australia is more than twice the average of the major advanced economies.

When we came to office, living standards were falling sharply. We've been able to recover some of that lost ground, including by eight of the last nine quarters having seen real wages growth. Real wages fell five consecutive quarters in the lead-up to the 2022 election. If those opposite really cared about living standards, they wouldn't have appointed a guy as shadow Treasurer who wants to privatise Medicare or end work from home, or dismantle superannuation, or end the dual mandate so that there are higher interest rates and higher unemployment—

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