Sudmalis: Labor is lying about inequality growing. Inequality in Australia is getting smaller.
In her most recent media release member for Gilmore, Ann Sudmalis said that Labor is lying about inequality growing and inequality in Australia is getting smaller. "The constant comment that the rich are getting richer and the poor are getting poorer is a blatant lie." Ms Sudmalis stated "The graph below shows the changes between rich and poor over time and how it is reducing."
"This is backed by data from the HILDA* report. Member for Gilmore Ann Sudmalis said, “The 13th annual Household, Income and Labour Dynamics in Australia (HILDA) Survey by the Melbourne Institute shows the difference of individuals disposable income has fallen each year since 2013, and is now lower than it ever was under Labor.” "Griffith University Professor David Peetz said there was no evidence to back claims the rate of causal employment was increasing, saying casualisation had, "pretty much stabilised over the past decade". "Latest labour force data shows 339,000 jobs were created over the year to June 2018, 158,200 of these were full-time jobs. "Business confidence has been trending up since 2013, and consumer confidence is stronger than at any time since 2013. "The Turnbull Government remains focused on growing the economy to support businesses and jobs and improve living standard for all Australians," Mrs Sudmalis said.
Editors Note: The HILDA Survey is the only nationally representative data source in Australia that has the capacity to provide information on both the distribution of income at a point in time and how incomes of individuals change over time. The HILDA Survey also regularly collects other information relevant to assessment of economic wellbeing, most notably collecting information on household expenditure and wealth. Moreover, in addition to objective financial data, information is regularly collected on the experience of financial stress, the ability to raise funds at short notice, perceived adequacy of household income, savings habits, saving horizon, attitudes to financial risk and satisfaction with one’s financial situation.