Amid Rising Cost of Living Abbott Gov Wants to Reduce Minimum Wage
Yes you read the title correctly. That’s exactly what the Abbott Governments Commission of Audit is recommending among other drastic measures to end Australia’s terrible economic hardship and bring the budget back into line.
In a recent article published on TheGuardian.com, the Commission of Audit has stated that the reduction in the minimum wage is to be carried out over a 10 year period and to be done by keeping it one percentage point behind inflation.
The minimum wage should be frozen for a decade, reduced to 44% of average weekly earnings and vary between states and territories, according to the Commission of Audit.
An interesting fact that’s appears to be overlooked by those reporting on the issue is that indeed we will see more and more inflation. For those that aren’t aware of just how our money supply works, inflation is like a hidden tax. According…
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