Lindsay Tanner (Melbourne, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

You whinged before; how about shutting up now? I will repeat my statements, and I will make them slowly and in words of limited syllables so that, hopefully, this time the member for Goldstein might understand them. Perhaps when you get an opportunity you might stand up and see whether you can explain your version of what the difference between nominal and real wages means. That would be enlightening for all of us. On the difference between nominal and real wages, the point that I was making in the initial interview, conducted by Ross Greenwood, was about nominal wages and the perception by individual workers that an increase would involve loss of nominal wages. The question I was asked on Q&A, not on radio, referred to real wages. There will not be—

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