ANALYSIS: Australia's top economists say planned increases in compulsory super should be abandoned or deferred
"In saying that I acknowledge that there is still a significant problem with regard to the adequacy of superannuation savings for women relative to men, but I don't see how raising the super rate for everyone to 12 per cent solves that problem," he said.Economic modeller Janine Dixon said it was not clear that the optimal contribution was 12 per cent rather than 9.5 per cent. The increase would force some households into.
Among those believing the increases should proceed as planned were two former politicians, Labor's Craig Emerson and former Liberal leader John Hewson. Sue Richardson, a former member of the Fair Work Commission’s wage panel, believed any deferral might lead to another deferral and be "hard to recoup".Unweighted for confidence, 20.5 per cent of those surveyed wanted to abandon the increases altogether. When weighted for confidence, that proportion climbed to 21.6 per cent. The proportion that wanted the increases either deferred or abandoned climbed to 67.1 per cent.
A concern among both those who agreed and disagreed was that if the increase didn't come at the expense of wages, it would push up the cost of hiring and come at the expense of jobs.
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