Minimum wage ruling is good news for the Coalition and Labor


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The ruling says “it is not possible to ascertain what, if any, effect the tax reductions” have had on investment, productivity, employer profitability, worker wages or income and wealth inequality.


That is not much help for the company tax campaign.


The government, in turn, points to parts of the decision that counter Labor rhetoric.


While Labor has claimed that jobs growth is not keeping up with population growth, the commission says the jobs are actually outstripping population. This is a useful finding for Turnbull as he heralds the creation of 1 million jobs over five years.


While Shorten claimed in January that company profits went up 20 per cent last year, the commission said the growth was just 4.3 per cent and it was lower than usual. No doubt it all depends on which companies you choose to target.


Article source: http://smh.com.au/sport/motorsport/bathurst-1000-scott-mclaughlin-lap-record-claims-pole-20171007-gywc8a.html

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