It seems Labor is hell bent on framing the upcoming federal election as a referendum on wages.  According to Bill Shorten and his finance supremo Jim Chalmers the minimum wage it too low and now they’re talking about having a ‘living wage’ rather that a minimum wage. 

Michael is joined by Professor Judith Sloan, Contributing Economics Editor The Australian who recently wrote “the bottom line is that minimum wages are a blunt and potentially dangerous way of improving the living standards of workers… particularly in the context of sluggish productivity growth”.

“It’s a fine line between granting pay rises and workers losing hours and jobs… and new entrants finding it harder to secure employment”.

It seems Labor is hell bent on framing the upcoming federal election as a referendum on wages.&nbsp; According to Bill Shorten and his finance supremo Jim Chalmers the minimum wage it too low and now they&rsquo;re talking about having a &lsquo;living wage&rsquo; rather that a minimum wage.&nbsp;
Michael is joined by Professor Judith Sloan, Contributing Economics Editor The Australian who recently wrote &ldquo;the bottom line is that minimum wages are a blunt and potentially dangerous way of improving the living standards of workers&hellip; particularly in the context of sluggish productivity growth&rdquo;.
&ldquo;It&rsquo;s a fine line between granting pay rises and workers losing hours and jobs&hellip; and new entrants finding it harder to secure employment&rdquo;.

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