answers for pennyo, page-14

lets talk facts....
here are aust govt parliamentary reports. comparing
Whitlam to Howard dated 9.08.07
in summary under whitlam inflation was 14.5% and wages grew by 4.7% pa.....so you were way under inflation by almost 10%...ie you were out of pocket, missing the boat by that amount....
under howard inflation came down to 2.5% and wages grew by only 1.7 %....so you are still going down the gurgler by .08%....
Wages and prices
The rate of inflation has fallen sharply with each administration from an annual average of 14.5 per cent under Whitlam to 2.5 per cent under Howard. Real wages, measured in terms of non-farm compensation per employee, rose by an average of 4.7 per cent per annum under Whitlam, but then slowed under Fraser and even fell slightly under Hawke/Keating. Real wages have grown an average of 1.7 per cent per annum under Howard.

Wages and prices
The rate of inflation has fallen sharply with each administration from an annual average of 14.5 per cent under Whitlam to 2.5 per cent under Howard. Real wages, measured in terms of non-farm compensation per employee, rose by an average of 4.7 per cent per annum under Whitlam, but then slowed under Fraser and even fell slightly under Hawke/Keating. Real wages have grown an average of 1.7 per cent per annum under Howard.