The worker’s champion rises, and it ain’t Albo

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We all know the gap between ALP and LNP on most things is pretty much non-existent but occasionally a gap opens up.

Today that gap is the living standards of Australian workers.

The failed Albanese government spent three years crawling to corporations via:

  • out-of-control immigration to crush wages and evict workers into a homelessness crisis,
  • pandering to war-profiteering energy cartels, and
  • overtaxing and overspending to feed greedflation.
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The result has been the worst inflation shock in half a century, with much higher interest rates and taxes far outpacing wage growth, destroying living standards.

We haven’t had a recession but Albo and his inept treasurer have delivered a far more severe collapse in living standards than that.

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Meanwhile, Albo’s ASX200 mates have fed and fattened on the worker’s carcass.

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Last week, Peter Dutton’s LNP ramped into a series of policy announcements that will deliver a very different outcome for workers if it is elected:

  • immigration will be slashed to take pressure off housing and wages,
  • public spending will be slashed to deliver lower interest rates,
  • taxes will be capped as a percentage of GDP and slashed in due course, and
  • supermarkets will be broken up, not given a fake code of conduct.

Differences will remain in energy policy and other areas.

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However, regarding household living standards over the next term of parliament, Dutton’s LNP is clearly the better choice.

The nation’s workers should retire with prejudice their failed and phony labour PM to his $104.3m lovenest.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.