Members Statement: Wage Growth
Mr HIBBINS (Prahran): I rise to draw the house’s attention to the need for higher wages, particularly for our essential workers who are continuing to work on site during lockdown. We all say thanks to them, but now it is time to demonstrate thanks with higher wages and secure jobs. Low wage growth is hurting workers, it is entrenching inequality and it is one of the biggest economic issues our society is facing. That is why it is so disappointing for the state government to act to keep wages low by lowering the public sector wage cap even further.
The governor of the Reserve Bank has warned that the public sector wage caps are entrenching low wage growth by depressing wages across the entire economy and will weaken our economic recovery, so I urge the state government to lift its wages cap. Now is not the time for governments to be cutting future wage growth, not the time to be suppressing wages for people who need it most, but the time for acting to increase wages growth.