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Coronavirus: Australian workers face years of lower wages – NEWS.com.au
Coronavirus Australia: Workers could face years of lower wages
Australian workers face years of lower wages if the legislated increase to superannuation in the post COVID-economy proceeds, according to a confidential 650-page Treasury report.
Prime Minister Scott Morrison will be handed more ammunition to freeze or scrap the scheduled legislated increase to the superannuation guarantee to 12 per cent in the new report, that warns workers are facing a “trade off” with lower wages if employers are forced to increase super.
The superannuation guarantee is se…
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