Election 2022 (Poll added)

[ElwoodBlues1]

Not according to a raft of economists speaking in the lead up to the election EB.

Wages growth linked to productivity isn’t inflationary.  The challenge for the new government will be to develop the framework for that to happen.  The first step would be to seek advice from beyond Treasury … but I’m not sure they’re that courageous/innovative. ?

DJ,  I'll go with the man who sets the cash rate and thats Philip Lowe,inflation tipped at 6% by years end and he expects wages growth to lag prices for a while yet, his expectation is around 3% wages growth.
Albo has promised 5% wages increases , he will need a magical framework to make that happen in the next 12 months Imho, gentleman Jim Chalmers also will need to help him by keeping the fuel excise cut and from what I read he didnt want to commit to that...Albo might get some help if the Russia/Ukraine conflict is resolved and China can get out of lockdown and Penny Wong can smooth the waters but with less stimulus in the market I dont see consumption increasing with interest rates going up and GDP being affected. A lot of moving parts to sync up for decent wages growth IMO and if Albo/Chalmers pull it off then they might have the job for a while....