The 2019 election showed how powerful economic interests could thwart attempts to erode their privileges and rorts via scare campaigns.
Wages growth has ground to a halt in Australia, reflecting the wilful refusal of key players to take wage stagnation seriously.
Wage Price Index data for the March quarter show wages going nowhere except in health and education — a reflection of the government's policy of wage stagnation.
The Reserve Bank has significantly lowered its forecasts for economic growth — and wage stagnation is to blame.
Labor says the election will be a referendum on wages, but so far has proposed little that will make a material difference for workers stuck with stagnant incomes.
If budgets were about addressing actual economic problems, this one would be a failure — but not a total one.
Wages growth has been downgraded yet again in the budget, with growth in 2019-20 now forecast to be just 2.75%.
Claims that minimum wage increases hurt employment have now been completely discredited. Time for advocates of wage stagnation to find another argument.