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$20 billion per year. That's how much higher superannuation could take from wages

  • Written by Brendan Coates, Fellow, Grattan Institute
$20 billion per year. That's how much higher superannuation could take from wagesSlicing up to 0.5 percentage points off wage increases for five years would cut wages by 1% of GDP.Shutterstock

Stagnant wages are a huge issue in this election campaign.

So it is odd that both major parties are hanging onto a policy that will take more out of workers’ pockets.

Lifting compulsory superannuation contributions from 9.5% to 12%...

Read more: $20 billion per year. That's how much higher superannuation could take from wages

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