Election 2022 (Poll added)

[ElwoodBlues1]

I know he said wage growth at the bottom, but there are two ways to achieve that.

1.  Lift the minimum wage (this is an election promise and will impact none of us that earn a decent wicket, even as hyperinflation sets in).

2.  Make the cost of living cheaper.  This is not going to happen.

Which means the exact people who are going to wear the burden are those of us, who are not truly well off, but earn a pretty good crust.

The end of the middle class is upon us and we arrived here through no fault of any of our recent governments or policies.  We are going to have the recession that we have been able to stave off for the last 20 years, and I expect it to be quite horrific in the next couple of years.

Wages growth means higher inflation which means higher interest rates, that is the reality. Inflation is 8.5% in the USA which will flow on down here, we won't be as bad but any wages growth will be gobbled up.
Banks have to play ball as well which is doubtful imho, some are offering 2.9 % on term deposits already so mortgage rates are going up. Going to be a lot of defaults and houses for sale by years end...