Labor delivers another Fantastic boost to the Low Paid Child Care Sector, page-14

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    Although you have a point about low wage growth during the LNP - keep in mind bar COVID inflation was also low so it is a bit of a much of a muchness - it is also important to note stage 1 and 2 tax cuts did give the lower paid workers a material increase in net salary in addition things like 150k instant assest write offs for small businesses which was greatly reduced by the ALP. The LNP also increased mandatory super over a staged a proce till 2026 to 12% which also gave extra $ to works (however in the form of super)

    The lay-person might be earning more gross salary under ALP but Net salary after adjusted for inflation we are actually going backwards per-capita there is a bigger pie but more mouths to feed thus we all get a small slice.

    In addition, there is two issues with the current ALP policy

    1. artifically increasing wages only result in extra burden on the tax payer - these wage increases are funded by the governement and although i got no issues increasing the salary of childcare workers if it isnt done by ordinary market forces it is usually not good policy long term

    2. you do not want excessive wage growth when you are trying to bring down inflation the current ALP measures but been sighted by the RBA govener (who ill note Albo and Jim appointed) as the main reason inflation is expected to remain above target for another 6 months

    Im not against increasing the wages of Childcare workers they got a hard job and are under paid when you consider some bloke holding a sign in Victoria is making $70 an hour

    to ALP credit the changes to stage 3 tax cuts have been viewed favorably by voters helping some of my above points but it is also far more inflationary then the orginal proposal so the arguement could be made the average person is probably worse off but ill give the ALP the benefit of the doubt and say it was a broken promise but one of the more acceptable solutions
    Last edited by CharlieShares: Yesterday, 15:09
 
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