The prime minister has reiterated just again last week that that legislative rise is already there in legislation.
But Dr Philip Lowe from the Reserve Bank pointed out that a rise in the superannuation guarantee inevitably comes with a trade-off that there is a relationship between the superannuation guarantee, and wages and wages growth.
… This is not a new conversation we know that not just Philip Lowe with the Reserve Bank but also Acoss, and Grattan and even Industry Super Australia has said that it is a trade-off between wages and superannuation guarantee.
And it would be irresponsible for a government not to consider that, particularly in light of a pandemic of the economic impacts of Covid planning.
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