Senate debates
Thursday, 28 November 2024
Questions without Notice
Cost of Living
2:16 pm
Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Hansard source
I again say two things: monthly inflation is around a third of what we inherited and a quarter of its peak. Those opposite who say inflation is too high, we would agree. We want inflation to be sustainably within the band. We want inflation to come down from where it was. It is a good thing that we see the last ABS figures with a reduction in inflation. It is also a good thing that real wages have grown, as I said, for four consecutive quarters. If annual wage growth had continued under us as under you, the average Australian worker would have been over 5½ grand worse off. That's what would have happened. Do you know what they are? They're the party that says, 'We want you to work more for less.' That's the Liberal Party's way of dealing with inflation and dealing with economic challenges. They say to workers, 'Work more for less.' (Time expired)
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