Jim Chalmers layers more lipstick on pig economy

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In the world of Australian Treasurer Jim Chalmers, Australia’s economy is strong, wages are booming, and living standards are rebounding fast:

“The Coalition’s deliberate policy of wage suppression saw wages stagnate for the best part of a decade and living standards fall sharply, but we’re turning that around”.

“We’ve managed to get inflation down and real wages up, unemployment has remained low and the economy has continued to grow”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.