
Is the economy on the brink? March 31, 2023
Motley Fool Money
00:00
The Importance of a Wage Increase
I would be very supportive of a significant wage increase, whether it's 7% or not an open question. I think the best thing we can do for those people is fix inflation first. But doing it right now will actually be counterproductive for those very people. So when you say, does everyone in Australia get a 7% rise? Well, no, that's stupid. And at one point, for some people on that spectrum, this wage increase just stops them going deeper into a hole towards oblivion. If you're getting to a point where it's like, oh, all of this extra money, I'm just going out and buy extra iPhones and stuff like that, that's the
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