Sky News host James Morrow says the United States is experiencing “massive” inflation and there’s a hazard it could come to Australia’s shores in the form of a “wage-price spiral”.
Mr Morrow’s feedback observe a submission made to the Fair Work Commission by the brand new Labor authorities to improve wages in response to the cost-of-living pressures Australians are dealing with.
“Now that’s what we have seen in the past when wages are set to go up in line with inflation and then one thing leads to another and then you wind up with a sort of Whitlam-era type of disaster,” Mr Morrow mentioned.
“We are already seeing prices go up everywhere.”
‘Massive’ US inflation could come to Australia in form of ‘wage price spiral’ & More Latest News Update
‘Massive’ US inflation could come to Australia in form of ‘wage price spiral’ & More Live News
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‘Massive’ US inflation could come to Australia in form of ‘wage price spiral’ & More News Today
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