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Labors union masters lie about living standards, page-5

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jantimot

30,924 Posts.

174

10/03/19

07:27

Post #: 37710883
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Originally posted by 9703yn ↑

'The question is how did the ACTU, in its public presentation of this data, get this so wrong? Asked to clarify, a spokesman confirmed the ACTU believed living standards were rising. What the report meant to say was that rate of growth was declining at a faster pace than it did during the last recession.'

These people should be made accountable for what they say.

I remember 1992 pretty well, and I'm sure I bought Westpac shares for under $3. On top of earnings increases, the current interest rates for those with mortgages, has a marked effect. I'm sure I was paying 8 or 9 percent back there.

I'd put communication costs lower, and energy obviously higher, and some of the staples have actually come down (milk and bread). I'm thinking meat is dearer.....lamb particularly. Sadly, beer is a lot more expensive, probably double.

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My employer was earning 18% on CBA term deposits at the beginning of 1992. When we took out our mortgage in late 1993 we were paying 11.5% variable rate.
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