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

The 20-year average of real wages growth in Australia is 0.6 per cent. But obviously when inflation runs higher that 0.6 per cent, on average over the long-term, leads to a higher nominal growth figure than it would in the context of the current low inflation environment. That is very obvious. The situation is stronger than it was under Labor.

I also make the point that average weekly ordinary time earnings for full-time adults rose by 3.1 per cent over the past year, the strongest growth in six years. And, on 30 May 2019, as you might recall, the independent Fair Work Commission announced its decision to increase the national minimum wage rate by three per cent from 1 July 2019. The increase is higher than the economy-wide wage growth and higher than inflation. And— (Time expired)