George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

I will reach your question, Senator Bullock, but I thought I ought to point out that overall labour market conditions are very buoyant at the moment, with the rate of growth of job creation quadruple what it was under the Labor government. In relation to the figure for wages growth that you quote, Senator Bullock, that is an actual figure, not a nominal figure. It has to take into account inflation, which is historically very low at the moment. If you were to look at the actual wages growth, the differential as opposed to the nominal figure, I think you would find that wages growth is very healthy at the moment in this country as well.