Federal member for Rankin Jim Chalmers has expressed his disdain for the newly released Deloitte (2020 Global Impact) report, revealing how Logan City and Australia have been recovering economically, and said the government needs to do better.
“It pointed to a patchy and uneven recovery defined by even weaker wages for some years to come,” Mr Chalmers said.
Jim Chalmers. (Photo: Madeline Grace).
“We want the economy to recover strongly; we welcome any encouraging signs in the economy.
“But for it to be a good recovery, the right kind of recovery, we need to make sure that there’s job security and wages growth for ordinary working families.
“This is not a good enough recovery if it leaves people stranded in joblessness or underemployment or on weak wages, which means they can’t provide for the people that they love. That’s why we’re focused on the wages forecasts in what has been released today.”
Outside his office at Logan City on Monday morning (January 18), Mr Chalmers made clear he believes there is no decent economic recovery for locals without a recovery in wages.
“Now, what the report says today, is that wages which were already historically weak before COVID-19, will be much weaker for longer,” he said.
“That is, if it eventuates, devastating news for Australians already doing it tough enough.
“So let’s have a bit of perspective on this Deloitte report today. Any encouraging signs are welcome, but it won’t be the right kind of recovery without a recovery in job security, and a recovery in wages as well.”
