$20 billion per year. That's how much higher superannuation could take from wages
- Written by Brendan Coates, Fellow, Grattan Institute
Slicing up to 0.5 percentage points off wage increases for five years would cut wages by 1% of GDP.ShutterstockStagnant wages are a huge issue in this election campaign.
So it is odd that both major parties are hanging onto a policy that will take more out of workers’ pockets.
Lifting compulsory superannuation contributions from 9.5% to 12%...
Read more: $20 billion per year. That's how much higher superannuation could take from wages
