Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

The Australian economy is into its 29th year of continuous growth. We are one of only 10 AAA-rated economies. Of course we are exposed to things like global trade tensions—that is something that everybody understands—and we are implementing a plan to deal with the challenges that we're facing. But let me also make the point again on wages growth. Labor haven't been asking questions on wages growth today. I know why. Because yesterday they finally realised that wages growth in Australia in the last financial year was the highest it's been since 2013-14. Real wages growth is higher than it was when Labor lost government, and indeed it's higher than the long-term 20-year average of 0.6 per cent. If the Labor Party were really interested, they would back our plan for a stronger economy and more jobs. (Time expired)