Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The sad thing is that Senator Cameron doesn't understand economics. There is a lag between increased profits and increased investment to increases in jobs. We have gone through a period of slower global growth and we've gone through a significant economic transition in Australia, with significant drops in prices for our commodity exports. And, of course, instead of having massive increases in unemployment under our government, we've seen massive increases in employment.

In the last 12 months we've had 420,000 new jobs. If wages had grown strongly—