Senate debates

Thursday, 8 September 2022

Questions without Notice

Economy

2:34 pm

Photo of Nick McKimNick McKim (Tasmania, Australian Greens) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Minister, yesterday's national accounts showed that profits share of national income hit a new record high and that wages share of national income hit a new record low. This means that, in the 60 years that the national accounts have been kept and published, never have business owners been getting a bigger slice of the pie and never have workers been getting a smaller slice of the pie. Will your government now finally accept that in the domestic context it is corporate profiteering that is a key driver of inflation and that wages are actually not driving inflation?

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