Australia’s Living Standards Slipping: Clive Palmer

Federal Member for Fairfax

Media release

Federal leader of the Palmer United Party and Member for Fairfax, Clive Palmer, said Australia’s living standards are slipping and have fallen back to 2008 levels.

Mr Palmer said Canning residents should be concerned that our country’s standard of living peaked in 2014 but has since fallen to 2008 levels.
“Australia is on track to trend lower yet due to a lack of wage growth,” Mr Palmer said.

“Australia’s productivity levels clearly show our living standards are not due to poor work practices or high wages, it comes down to a lack of wage growth.

“Australia’s living standards have slid 1.2 per cent since June, representing the biggest slide since the global financial crisis.”
Mr Palmer said Liberal and Labor Governments have let families in Canning down.

“Australia’s economic growth rate is lower than Greece’s,” he said.
“Canning families should be extremely concerned that the Liberal and Labor parties have both failed to encourage economic growth within Western Australia and Australia.

“This has led to a lack of wage growth and now Australia’s standard of living has slid drastically as a result.

“Canning resident’s need a government who encourage economic growth, investment and employment opportunities rather than a government that has allowed our economy to grind to a holt with hardworking families suffering in the process.

“The Palmer United Party is committed to growing Australia’s economy and a vote for Vimal Sharma at the Canning by-election is a vote to get Australia and our living standards back on track.”