Despite Scott Morrison's insistence, there's no link between company profits and higher wages. In fact, if there is a link, it may be a negative one.
Pretty much the only area of the economy that has improved under Malcolm Turnbull (and, earlier, Tony Abbott) is company profits -- but even then, only for a select few companies. And those working in construction haven't been so lucky.
Forget Scott Morrison's taxed and taxed-nots -- his big problem this week was some shocking results from two of the country's biggest companies, write Glenn Dyer and Bernard Keane.
Australian companies are doing very nicely, thank you, despite the apparent burden of a carbon price. Bernard Keane and Glenn Dyer find that the alarmism surrounding the carbon tax is rubbish.