
If things feel hard right now, it’s because they are. Real wages, that’s wages after they’ve been adjusted for inflation,
are officially back to the levels they were in 2011, 14 years ago. And that’s only 10% higher than they were back in 1992. But if you believe the Labour Party spin, they’re doing a wonderful job. In August, Treasurer Jim Chalmers claimed the strongest real wages growth in 5 years. And with the latest figures being released, Labour have come out claiming that real wages have been growing for eight straight quarters. That’s 2 years for us normal people. And whilst that is technically true according to the ABS, it conceals a lie. And this lie is the reason why it’s so hard for you and I to make ends meet right now. The lies, as always, are concealed in the details behind the headlines and the press release puff pieces. And to their credit, some people in the media are actually doing a better than usual job of calling this one out. But in this video, I’m going to put some different pieces together so that you can understand exactly how this lie works and how to destroy it.
