Almost two-thirds of Australians expect to suffer a real cut to their incomes this year and do not regard a boost to migration as a top priority. Read more here. |EXCLUSIVE by CroweDM auspol
Almost two-thirds of Australians expect to suffer a real cut to their incomes this year and do not regard a boost to migration as a top priority for the jobs and skills summit Prime Minister Anthony Albanese will convene next week.
“It will provide a focus on jobs and skills about how we lift wages, lift profits, boosting productivity while putting downward pressure on inflation,” he said. The survey asked voters about expectations for their personal incomes this year and found that 52 per cent said their earnings would stay at the same rate and therefore fall behind inflation,Another 11 per cent said they expected a fall in their income in absolute terms, up slightly from the result in February but showing that 63 per cent of workers in total believed their real incomes would shrink this year.
while the wage price index was 2.6 per cent, turning the cost of living into a flashpoint in national politics. On the same question, 28 per cent backed an increase in access to affordable childcare and school care while 29 per cent backed a cut to unemployment benefits to encourage people back into work and another 11 per cent were undecided.
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