Scott Morrison Liberal Party crises

Treasurer Scott Morrison continues to insist that wages growth will return soon because it is directly linked to corporate profits. "Investment leads to the profits which leads to the wages growth," Morrison told 7.30 two weeks ago. He repeated the claim yesterday, telling Insiders "as their profits improve, then obviously the case for wage rises obviously builds".

It's the same line as peddled by Grant King of the Business Council (and nowhere else currently), who told one of those sublimely awful AFR round tables a few weeks back that Australians wouldn't be getting a pay rise until corporations were making more money, thank you.