Greens Treasury spokesperson, Senator Nick McKim, has responded to the Treasurer's Ministerial Statement on the Economy.
“The Treasurer has just told Australians to brace for higher unemployment and further real wage cuts because interest rates are going to go up.
“But the Treasurer said nothing about what big corporations should brace for.
“The share of national income going to corporate profits are at record highs, and the share of national income going to wages are at record lows.
“Corporate profiteering is fuelling inflation, not wages.