Business
After a budget boost to your income? You’ll have a better chance of getting it from tax cuts, not wage increases – ABC News
Wage growth won’t boost your disposable income, so you’ll have to be satisfied with tax cuts, writes Gareth Hutchens.
Did you hope all this spending would spark decent wage growth?
Prepare to be disappointed.
According to the budget, the federal government doesnt think wages are going to pick up much in coming years, despite its decision to try to push the employment rate lower than its traditionally been comfortable with.
In fact, you’re more likely to get a spending boost from tax cuts.
What’s the story?
The federal government is planning for the unemployment rate to fall to levels not seen in decades.
According…
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