Last Night, ABC The Business’s Carrington Clarke did a fantastic job painting Scott Morrison into the corner over Australia’s insane population growth (immigration), asking the treasurer to explain why the government is running a mass immigration program when wages growth for the average worker is going backwards after inflation.
The key data point that Carrington refers to is the Average Compensation Per Employee figure, released in yesterday’s national accounts, which rose by only 0.9% in the year to September in nominal terms – below the 1.8% increase in inflation (CPI):
Average Compensation Per Employee has also fallen by 3.3% in real (inflation-adjusted) terms since March 2012:
Watch on as Scott Morrison squirms, gets angry, and outright lies in his response to Carrington’s probing.
