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Real Wages on the Decline

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The number of underutilised Australian workers (unemployed or underemployed wanting more hours) rose from 1.35 million in June 2022 to 1.68 million in June 2026.

The Albanese government has permitted high migration levels when there is an insufficient amount of work for the 1.68 million underutilised Australians.

Minister Gallagher defended the government’s economic record, pointing to over a million jobs created, low unemployment and record-high participation rates.

She noted that the government has reduced net overseas migration by about 45% from its post-COVID peak and added that industries and businesses have raised concerns about our immigration policy.

She went on to say that wages are rising, women are working more hours due to childcare support, and the government continues to support economic opportunities for workers.

I pointed out that high underutilisation suppresses wage growth and that the Wage Price Index shows real wages have fallen by 1.5% since the Labor government took power.

Further, the government’s immigration policy of creating a labour glut that lowers real wages is undermining workers’ pay.

Minister Gallagher responded saying that the government consistently supports higher wages (including minimum wage increases and pay rises in female dominated industries like aged care and childcare), whereas opposition parties frequently vote against these measures.

Over 70% of new jobs are in the taxpayer-funded care economy (health, NDIS, aged care, education) rather than the private sector. This is nothing but a “Ponzi job scheme.” I asked if the Labor government would admit immigration is a disaster for taxpayers and workers.

Minister Gallagher strongly defended care economy jobs (such as in hospitals, aged care, disability, and childcare), noting they are difficult, emotional and vital services that an aging population and working families rely on, rather than jobs to be trivialised.

I was not “trivialising” these valued jobs – this was just another Question Time of Labor dodging the hard questions.

Transcript

Senator ROBERTS: My question is to the Minister representing the Treasurer, Senator Gallagher. The Australian Bureau of Statistics produce a measure called the ‘underutilisation rate of Australian workers’, which is people without a job or those who have a job yet need more hours than are available. In June 2022, at the start of the Albanese government, there were 1.35 million Australians underutilised in the workforce. In June 2026, this had increased to 1.68 million Australians. This is a significant increase on both an actual and percentage basis. Minister, why has the Albanese government brought in so many new arrivals when there is already insufficient work for 1.68 million Australians and rising? 

Senator GALLAGHER (Minister for Finance, Minister for the Public Service, Minister for Women, Minister for Government Services and Manager of Government Business in the Senate): This government is all about increasing employment opportunities for Australians, and I think the last figure I saw was over a million jobs which had been created under this government. Unemployment has remained very low, and participation rates are at record highs. That is our record on employment across the economy. Your question I think links to migration and some of the debates that you’ve been having around this in One Nation. You would know, Senator Roberts, that we have reduced net overseas migration by about 45 per cent compared to the post-COVID peak. We did see a pull forward after the COVID years, essentially after the borders reopened, and net overseas migration has been tracking down since then. 

We are a country that relies on migration to support the economy and have historically, and indeed in recent months, in response to some of the policies that you’ve been outlining, we are seeing more and more businesses and industry raising concerns about those policies and the impact they would have on our economy. We have unemployment sitting in the low fours. We’ve got jobs created under our government the most that we’ve seen in government over a sustained period of time. We’ve got participation rates at record highs. We’ve got wages up. Women are working more and working more hours because of some of the work we’ve done to support wages in the feminised sector and to ensure that the childcare system works for them. On all of those metrics, Senator Roberts, I think you can see where we stand, which is about making sure that there are choices and opportunities for Australian workers in this country, and we’ll continue that approach. 

The PRESIDENT: Senator Roberts, first supplementary. 

Senator ROBERTS: Underutilisation predicts wage movement. The more workers desperate for extra hours to keep their head above water, the less employers need to pay to secure that labour. The wage price index, an ABS measure, shows Australian workers have gone backwards 1.5 per cent since this government came to power backwards. The data is in. Your policy of mass immigration is creating a glut of labour, pulling down real wages. Minister, why is your government undermining Australian workers’ wages? 

Senator GALLAGHER: I think there is only one party in this chamber that supports increasing wages for working people. You can see that in every test that’s brought to this chamber. In every single test that’s brought to this chamber where you get a vote on it, more often than not, you all vote together over there to oppose working Australians getting good and reasonable wage increases. That is what we’ve done in government. We have supported increases to the minimum wage, increases to highly feminised low-wage industries like aged care and child care. When we have had those debates on this floor, those who sit on that side of the chamber have tended to oppose them. I think Australians know that it’s this government that will always argue for better wages, better conditions and better protections, including through superannuation for Australians. 

The PRESIDENT: Senator Roberts, second supplementary. 

Senator ROBERTS: Treasurer Chalmers stated last week six out of seven jobs created since 2022 were in the private sector. This statement is deceptive. Over 70 per cent of the jobs created are in the taxpayer funded economy—health, NDIS, aged care and education. Minister, 1.68 million underutilised workers, 1.5 per cent fall in real wages and now a Ponzi job scheme—will you admit your immigration invasion is a disaster for taxpayers, workers and their families? 

Senator GALLAGHER: I want to distance myself from the content and the language used in that question, for a start order. In relation to jobs in the non-market economy, Senator Roberts, if you need any kind of care in a hospital, aged care, disability or child care, those are legitimate jobs. They are hard jobs. The people who work in those jobs put their body on the line. They are physical jobs. They are emotional jobs. They are difficult jobs. I have worked in that sector. I don’t know whether you have, but I don’t think you would be trivialising them if you had worked in those sectors. They are legitimate jobs, and more and more our community relies on them. We have an ageing population, and we have parents with children who have a disability, who expect their child to be cared for and provided support in the way that any other parent would. We have working parents who need child care. These are legitimate, good jobs, and they should be valued. (Time expired) 

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The Illusion of a Pay Rise

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In this time of high inflation, every wage rise or tax cut is simply compensating for government-driven inflation rather than getting people ahead. Worse, these increases push taxpayers into higher tax brackets, leaving many workers worse off with very little of their pay rise left to keep.

To fix this, One Nation has a clear policy: we will index tax brackets to inflation. This ensures that getting a wage rise to fight inflation won’t push you into a higher tax bracket, offsetting the previous year’s inflation.

While Liberals joined Labor to defeat our amendment in 2025, pressure from One Nation has since brought the Liberals around, though Labor still refuses — showing they certainly don’t represent workers anymore.

Labor claims this will cost over $30 billion a year. Reality is that the cost depends entirely on inflation. No inflation means no cost at all. Their high estimates simply prove they expect inflation to remain out of control under their watch.

One Nation also propose allowing income splitting for families with a dependent, putting $9,000 a year back into the pockets of single-income families who choose it.

One Nation proudly stands up for Australian families and workers with common-sense tax reform.

Transcript

In this time of high inflation, every wage rise or tax cut, rather than getting people ahead, just compensates for government driving inflation. Worse, these increases move many taxpayers into higher tax brackets, increasing their tax rate and leaving many workers worse off, as many are finding when they see how little of this week’s pay rise they actually get to keep. 

One Nation policy will solve this. We’ll index tax brackets to inflation so that getting a wage rise to compensate for inflation does not put you into a higher tax bracket; inflation one year will be offset by tax brackets being lifted the next year. In 2025, the Labor government joined with the Liberals to oppose and defeat our amendment to index tax brackets. Because of the heat One Nation applied to the Liberals, the Liberals now agree with One Nation. Labor still does not, which is telling about who they represent these days—certainly not workers. This move will cost around $22 billion over the forward estimates and may come in at a much higher rate over time. Labor will engage in a scare campaign, of course, over this cost. The reality is that the costing depends on inflation; no inflation means no cost at all. Labor advances a cost above $30 billion a year. This means Labor is really saying they expect inflation under their government to remain out of control. Tax cuts take the pressure off businesses to give larger wage rises, countering the wage-price spiral that harms business, workers and every Australian. 

Another major element of our income tax policy is to allow income splitting between families with a dependent, if that suits them. Families with two wage earners will probably keep their existing arrangements. Families with one income who split will have $9,000 a year back in their pocket. The PBO has put the cost to budget revenue at $7 billion a year, depending upon uptake. Money well spent helping families. One Nation represents families and workers. These are just two of many, many tax reform policies we took to— (Time expired) 

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Government Spending is Fuelling the Fire

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There is a massive disconnect between the RBA’s projections and the reality facing Australian families.

Reckless government spending is fuelling inflation, and everyday people are paying the price.

In this session with the RBA in December, I questioned Governor Bullock on her claim that inflation expectations are ‘anchored’ at 2.5%. With CPI at the time sitting at 3.8% (now 4.2%), that ‘anchor’ looks like it’s dragging. I asked her who has lost credibility here — the RBA or the government?

There’s a real risk of cutting rates too early because of political influence and outside pressure. While Ms. Bullock insists the Board isn’t being swayed by politics, I’m still sceptical about what really happens behind the scenes.

One of the biggest risks I raised was the threat of a federal credit rating downgrade. If the government can’t show budget discipline and we lose our AAA rating, bank borrowing costs will shoot up.

And if that happens, mortgage rates will go up, even if the RBA doesn’t touch the cash rate and that’s a rate hike due to government incompetence.

Finally, we touched on the data. I pointed out how absurd it is that the ABS classifies someone as ’employed’ if they work just one hour a week.

While the Governor appears to trust the official statistics, these numbers are masking the true level of underemployment. There are far more Australians struggling to find work than the headline figures suggest.

Transcript

Senator ROBERTS: I’m concerned about government spending, but I’ll ask a few questions before getting on to that directly. In October, you said to me that ‘all the evidence we have is that inflationary expectations have remained reasonably anchored at around 2.5 per cent’. I know you went to this with Senator Hume’s question, and you continued that’s ‘what has made it possible, I think, to bring inflation back down toward the target range so that we’re now under three per cent and heading towards 2.5 per cent and to maintain a relatively healthy labour market’. You couldn’t achieve that without anchored inflation expectations. With the Consumer Price Index headline rate now at 3.8 per cent in the year to October and the trimmed mean up 3.3 per cent, it certainly doesn’t appear that we’re heading to 2.5 per cent anymore. Do you still have no evidence that inflation expectations are above 2.5 per cent?  

Ms Bullock: What we’ve observed is what we usually observe, that the very short-term inflation expectations rise, but at the moment we’re still seeing that the longer term inflation expectations are remaining reasonably anchored. But you raise a very relevant point. It’s a risk and it’s something the board is very focused on. 

Senator ROBERTS: What does it say about the credibility of the Reserve Bank or, more likely, the credibility of government in terms of government spending if inflation rears its head again?  

Ms Bullock: I think credibility is demonstrated by where inflation expectations are. Inflation expectations in the long term remain anchored, which I think says a lot about the credibility of the central bank.  

Senator ROBERTS: In 2026, are more families going to be pushed to the brink and paying more on their mortgages because you cut interest rates too early while this government attempted to jawbone and pressure you into doing it?  

Ms Bullock: We’ve never been under any political pressure. The board has done what the board has thought was the right thing to do. We thought we were moderately restrictive. We made a conscious decision not to go up as high as some other countries. Our projections still see inflation coming back down, but obviously we’re alert to the possibility that there might be inflation pressures building, and the board will respond accordingly.  

Senator ROBERTS: Do you expect under current government strategies and policies to be having to deal with the government again on this?  

Ms Bullock: We take what the government is doing as a given, and that is in our forecasts. 

Senator ROBERTS: I refer to federal budget discipline, to the credit rating and mortgage rates. The banks are implicitly guaranteed by the government’s AAA credit rating, which allows them to borrow cheaply. If the federal government were to suffer a significant credit rating downgrade below its AAA, could that imply higher borrowing costs on the banks and a wider spread between the going mortgage rate and the Reserve Bank cash rate? In other words, could interest rates charged by the banks rise?  

Ms Bullock: The Australian banks aren’t only underpinned by the government, they’re underpinned by the fact that they are very strong, unquestionably strong according to the language. They have strong capital, strong buffers, low arrears rates. They’re rated well because they are very strong financial institutions.  

Senator ROBERTS: I appreciate your clear answers. Nonetheless, if the federal government doesn’t get its spending under control and is given a lower credit rating, what people pay on a mortgage could actually go up without the Reserve Bank raising rates; is that right?  

Ms Bullock: It could possibly tighten financial conditions. Those are the sorts of things that the Monetary Policy Board would take into account in setting the cash rate. Financial conditions can vary for similar cash rates. The cash rate at a particular level now isn’t necessarily the same tightness in financial conditions as the same cash rate in the past. We have to take into account financial conditions.  

Senator ROBERTS: Just a quick question to tidy up my understanding of where you get your figures. The RBA, as I understand it, does a lot of listening right through the community. That’s correct, isn’t it?  

Ms Bullock: We have a very extensive liaison program, yes.  

Senator ROBERTS: What are the sources of your inflation rate and the unemployment rate? Is it many factors—ABS, for example? Whom else would be involved?  

Ms Bullock: The inflation rate is the CPI published by the Australian Bureau of Statistics. The unemployment rate is the same.  

Senator ROBERTS: The unemployment rate is just over 4.4 per cent. How many people does that translate into being unemployed right now in Australia?  

Ms Bullock: I’d have to get back to you on that in terms of the actual numbers.  

Senator ROBERTS: It’s just a straight calculation, right, arithmetic?  

Ms Bullock: It depends on the labour force and who’s in the market. I don’t know what the number is. I’ll have to come back to you.  

Senator ROBERTS: That varies month to month of course. My concern is that the actual number unemployed may be far greater than what is indicated by the unemployment rate. As I understand it, the definition—and I’m looking for guidance here—is that anyone who’s employed or works paid work for one hour or more in a week is counted as employed?  

Ms Bullock: Correct.  

Senator ROBERTS: Is there any consideration of underemployment in your deliberations?  

Ms Bullock: Yes, we consider underemployment. That’s a rate that we calculate. Basically, that captures people who are employed but would like more hours.  

Senator ROBERTS: What is your level of confidence in the accuracy of the unemployment rate and the underemployment rate?  

Ms Bullock: We’re pretty confident that the ABS does a very good job of calculating these numbers.  

Senator ROBERTS: Is one hour per week employed really employed?  

Ms Bullock: That’s the definition, but there are others. As I said earlier, for what it measures, we’re confident they measure it well. But that’s why we take into account a lot of different indicators, including things like vacancies, job ads and how many people actually have a job but would like more hours. These are all things that we consider as well.  

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Government Gaslighting on Inflation: One Nation Promises Real Relief

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Does it feel like inflation is going down to you?

The government claims it’s winning the battle, yet out in the real world everything is still getting more expensive and nothing is anywhere close to the price it was 5 years ago.

You’re not crazy – the government’s just trying to gaslight you and tell you things are better than they are heading into an election. Only One Nation would make the real changes to put more money back in your pocket.

Transcript

One Nation supports this matter of urgency. During 2024 alone the living cost index for wage and salary earners rose four per cent, down from a high of six per cent earlier in the year. The reduction has been caused, in large part, through electricity subsidies. The government is paying your bill for you! The underlying inflation rate is still there, ready to reappear after the next election, when the government stops paying those subsidies. 

Rising electricity prices for business are not being subsidised, increasing prices in supermarkets, retail, wholesale and manufacturing. The public see the price rises and don’t realise they are, in large part, the result of net zero measures, which One Nation will bring to an end, reducing power bills by 20 per cent immediately, and by much more over forward estimates. 

Alcohol and tobacco costs rose due to the five per cent excise indexation and a cash grab the government calls AWOTE, where the more workers earn, the more the government increases the excise. One Nation will freeze all excise increases for three years. Watch for further announcements on this subject. 

Insurance and financial services costs rose 13 per cent due to higher premiums for house, home contents and motor vehicle insurance. Insurance companies are becoming increasingly concentrated. Queensland’s Suncorp owns AAMI, GIO, Bingle and Shannons among others. Over the last five years Suncorp’s cash earnings rose from $59 to $108, and their share price rose from $9 to $17. One Nation will fund the ACCC, the Australian Competition and Consumer Commission, to ensure insurance companies are not ripping off consumers, including using fraudulent flood and bushfire maps to hike premiums. One Nation will remove the GST on insurance premiums. 

Finally, the fall in inflation coming from a small reduction in the petrol price is significant. It proves One Nation’s policy to cut fuel excise by 26c per litre, and our other measures, will reduce inflation to make room for an interest rate cut. One Nation means more money in your pocket.

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Community Forum: Centenary Heights

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Are you feeling the pinch from the rising cost of living? You’re not alone, and we want to help.

We invite you to join us for this forum, where we’ll share our plans to help ease some of the financial burdens many Australians are facing with the increasing costs of everyday essentials.

Additionally, we will discuss infrastructure projects that will improve the electorate of GROOM and create new opportunities.

This forum is not just about presenting our plans; it’s about listening to your thoughts and concerns too.

RSVP here: https://senroberts.com/3Db9cOQ

Dining in? Book your meals directly with the venue on (07) 4635 3002

📅 Wednesday, 5 March 2025 | 🕒 6 PM

📍 Gold Park Sporting Club
341 Hume Street, Centenary Heights, QLD

We understand the challenges you’re facing, and we’re committed to making a difference.

🌟 We look forward to seeing you there! 🌟

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Real Cost of Living Soars

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Australians deserve the truth about our economic reality, not sugar-coated statistics. While the official CPI reports 3.8% inflation, the actual cost of living for most working Australians is a staggering 6.2%

We need policies to end the inflation burden created by both major parties. Australia has everything we need right here to be the richest country in the world.  It simply requires the guts to make common-sense decisions – and only One Nation has that guts!

Transcript

 If you think you’re going backwards, you are, and faster than you think. Last Monday, we had an inquiry, as a result of a motion of mine, to understand the CPI figure from the Australian Bureau of Statistics. That’s what we wanted to find out: what the Australian Bureau of Statistics does. My inquiry revealed that, as everyone knows, the CPI is 3.8 per cent, but selected living-cost indices that the Australian Bureau of Statistics produces and publishes show that most employees—80 per cent of Australians—face a cost-of-living increase in their spending of 6.2 per cent.  

I’ve got no criticism of the ABS. They do what they’re told. Chart 1 in their submission shows that in 2022, soon after the coalition left, the CPI was eight per cent, and food and beverages went up by nine per cent. That’s the legacy that the coalition left. The CPI price change for dairy and related products over the last four years has been 27 per cent; food products, 23 per cent; bread and cereal products, 23 per cent. This is the reality: both the Labor Party and the Liberal-Nationals are contributing to inflation. The prices of groceries, insurance, housing, rents and energy are all artificial and only One Nation has the policies to be able to solve them because we don’t do what the uniparty does.  

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True Inflation Rate at 6.2% – Far Higher Than Official 3.8%

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The Consumer Price Index shows inflation at just 3.8%, but how accurate is that figure? Every time I shop, it feels much higher.  

Recently, I was successful in getting a Senate Inquiry into how the Australian Bureau of Statistics (ABS) maintain the inflation index and the answers were interesting—inflation is worse than the official figure suggests.

The ABS actually produce several different measures of prices changes. The media often cites one of them – the CPI, which serves economists, bankers and the treasury, who use it to see how the economy is going as a whole, but it’s not an accurate measure of price changes that affects consumers.  

To address this, the ABS produce the Living Cost Index (LCI), which looks at how much the cost-of-living has changed for different groups. The largest of these groups is for employees, which covers about 70% of Australians and reveals that inflation is actually 6.2%, significantly higher than the CPI figure of 3.8%. This difference largely stems from how house price increases are included in the index.

So, it’s clear: people are struggling more than the CPI suggests. If you feel like you’re working harder and getting nowhere, it’s because you are.  

One Nation is committed to reducing government spending, reducing inflation and making your pay stretch further.

Transcript

I rise to take note of the Economic References Committee report into the Australian Bureau of Statistics production of inflation statistics. This inquiry was called on a Senate motion that One Nation introduced. I thank the committee for their time and I thank the Australian Bureau of Statistics for their honest, direct and professional answers. In an answer to my question in Senate estimates, the Reserve Bank governor advised that it uses many other indicators to get a clearer understanding of the cost of living affecting everyday Australians, not just the CPI. This was the comment that led to last week’s inquiry. Many people assume the CPI is an accurate picture of the cost of living for everyday Australians. What we learned from the ABS, the Australian Bureau of Statistics, is the consumer price index is a macro economic indicator useful to the government, Reserve Bank and industry to show how much prices have changed. That’s not the same as asking how much cost-of-living spending has increased for everyday Australians. That cost-of-living data is trapped using other indexes called selected living cost indexes. These are produced for subsets within the economy based on source of income. The largest group is employees, comprising 15 million current wage and salary earners. This is more than 70 per cent of the Australian adult population. This index shows the rate of inflation affecting the largest cohort of the adult population in Australia is actually 6.2 per cent. That feels much more accurate than the official CPI rate of 3.8 per cent. Even at 6.2 per cent, the figure is not entirely representative. The living cost index for most Australians does not include the insane increases in house prices, as Senator Rennick and I pointed out in questions. 

The ABS traps the increase only in building costs, not the increase in land cost. The average home price in Queensland in 2020 was $524,000. In 2024, it’s now $815,000. Most of that inflation is in the land price. Unless home price inflation is included in the living cost index then Australians are quite honestly being misled—badly misled. The ABS is not misleading; it’s producing the statistics the government asked it to produce. 

So I wonder who decided to use the CPI rate as the official picture of inflation in Australia, because it’s wrong. Why don’t the media report the living cost index showing 6.2 per cent inflation affecting most Australians, and that it doesn’t represent costs including houses? All except one of these living cost indexes shows a higher rate than the 3.8 per cent CPI. Why is the media misleadingly reporting the lowest figure instead of the real figure covering most Australians? 

I have been using adult Australians here for a reason. This inquiry confirmed the Australian Bureau of Statistics does not collect data for inflation affecting the cost of raising children. The latest data my office could find was from the Australian Institute of Health and Welfare, which found it cost $340 a week to provide for two children, a girl aged six and a boy aged 10. That data was from 2018. We don’t know what it is today. There’s not time-series data, no inflation rate over time for children and that seems pretty poor. There are 5.7 million children under 18 here in Australia. It would be useful to know how much the cost of raising those children is increasing. 

As I travel around Queensland I hear so many parents saying how expensive life is becoming—the cost of living under Labor—and how expensive raising children is becoming. The failure to provide data to government on the outcome of government policies on the cost of raising children and an accurate figure for the cost of running a family is a massive failure, a failure which rests with the minister, not the Australian Bureau of Statistics. I call on the government to task the ABS with providing an accurate figure for inflation affecting families. It worries me that it is the figure of 3.8 per cent, not the much more accurate figure of 6.2 per cent, that’s used for wage increases. According to the OECD’s economic outlook report, real wages in Australia are now five per cent lower than they were in 2020. 

Remember, those house prices I mentioned, up from $524,000 to $818,000 in Queensland in four years? After adjusting for inflation, everyday Australians looking to buy their first home are trying to afford that mortgage on five per cent less income. No wonder homeownership seems an impossible dream for young wage and salary earners. Wages should reflect the real cost of living under Labor. Government spending and handouts reduce the inflation rate yet this money started in the hands of employees, who paid that to the government in tax, and the government gives it back to people in subsidies, less the government’s cut for administration. Is this the much-touted Greens circular economy? 

I’ll finish with an idea. Reduce the size of government. Let people keep more of their own money. If everyday Australians feel they’re working harder and going backwards, it’s because they are. I seek leave to continue my remarks later. 

Leave is granted; debate adjourned. 

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Net Zero Policies Plays a Part in High Inflation

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The Greens’ and Labor’s net zero policies are a large part of why we have high inflation. By replacing low cost coal with expensive industrial wind and solar, power prices rise, which then drives up prices across the board.

The Motion from Greens’ Senator McKim to introduce price controls to combat inflation is an example of “feel good” politics. Price controls often lead to companies withdrawing from the supply chain, leading to inevitable shortages and black markets.

In what was once the “lucky country,” this would be a tragedy!

Transcript

Inflation is out of control across the Australian economy. It’s disgraceful though for the Greens to leverage this human disaster to advance their green communist ideology. Advocating price controls is the economics of wishful thinking—a victory of feelings over facts, common sense, historical experience and basic economics. Price controls don’t work. They have never worked and will never work, and they make things worse. 

The price of an item is not some magical creature with a life of its own that government can control. Price is an outcome of other factors—material costs, input costs and retailer margins, to name a few. In recent times, the Greens have talked about the lack of competition in retailing, especially in food retailing, but they have missed the point. The answer to poor competition is not price controls; it’s more competition. It is Harris Farm Markets opening new concept stores that rival Coles and Woolworths. It’s the Reject Shop, which increasingly undercuts Coles and Woolies by significant amounts. It’s your local butcher or produce store, which now sell products cheaper than Coles and Woolies. 

To a degree, the Greens are using misdirection. They’re asking Australians to look over here at profiteering instead of looking at the root cause of inflation, which is the increasing cost of business inputs, starting with the Greens’ own net zero energy policies. Net zero fairytale power is pushing up power prices, and, if power goes up, everything goes up. Farmers need power to run their coolrooms, they need diesel to run their farm equipment and they need fertiliser, which is made from natural gas. Manufacturers and wholesalers need electricity, gas and diesel for every aspect of their operations, yet the Greens are over there on my left—on everyone’s left, really—advocating for no new oil or gas projects. Scarcity causes the price to rise. Their own net zero policies are a major cause of inflation. Now the Greens want to fix that with price controls. Controlling the price causes producers, wholesalers and retailers to go broke as their input costs exceed their selling price. To stay in business, these companies will most likely stop selling anything they sell at a loss. 

This is exactly what happened in Venezuela and Sri Lanka, where price controls led to food shortages and black markets appearing for food staples. Criminal gangs moved into those black markets. I know Coles and Woolies are bad, but I would take them over criminal gangs. Sri Lanka is especially relevant here. Their food crisis was caused by forcing farmers to abandon the use of hydrocarbon fertilisers and pesticides in the name of net zero—inhuman. Farm productivity fell and prices rose, as farmers tried to make enough money to feed their families. The government intervened with price controls. The result was food shortages, starvation and then rioting that forced the government to back down and, once again, allow modern production techniques to feed the people. Another problem with price controls is that investment moves away from industries that are rendered unprofitable with price controls. Investment in buildings, equipment, software and staff training will fall in price-controlled industries. That is fact that has been proven repeatedly throughout history. This leaves long-term supply deficits that will keep prices higher for longer and hurt everyday citizens. 

Unlike the Greens’ policies, One Nation’s policies will solve the cost-of-living and housing crisis without making either problem worse. We will do the opposite of the Greens, which is always a good policy. We will reduce red, green and blue tape. We will reduce new arrivals until the market can fairly provide for those who are already here. In housing, we will prevent homes being owned by those outside of Australia and allow councils to impose penalty rates on vacant homes or on those being used for casual letting which conflicts with the zoning. We will review the federal government housing code, which imposes unnecessary requirements, including making every house wheelchair friendly despite there being no wheelchair users in the house. I understand that that adds about $40,000 to the price of every new house. We will allow Australians to use their super to invest in their own home. We will create a people’s bank to provide mortgages at five per cent interest over 30 years on a five per cent deposit and allow a HECS debt to be rolled into the mortgage so that people can get a home loan. This policy means that an Australian with a good job, even if they have a HECS debt, will be able to afford their own home now and start paying it off. 

There are many, many ways to solve the humanitarian disaster that the policies of successive Liberal and Labor governments have created. Price controls and green policies on housing, immigration, the environment, mining and farming are the exact opposite. One Nation wants to free up the people and free up our markets. 

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Albanese Government’s Sham Celebration

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Unbelievable! The Albanese Labor government is celebrating a measly 0.8% wage increase for the quarter, while inflation has gone up by 1%. Do the math, and it’s clear—we’re all going backwards by 0.2%! 😡 Yet, the Treasurer and Prime Minister have the audacity to tell us to celebrate. Meanwhile, everyday Aussies are suffering through the worst cost-of-living crisis in modern history. Our GDP is barely avoiding a recession, propped up only by a massive influx of one million new migrants in just two years. Let’s be real: we’re in the middle of the worst per capita recession since the Great Depression!

The Liberal-Labor Uniparty is shipping off our natural resources, obeying unelected foreign bodies like the WEF, and allowing predatory investment funds to own our critical industries. Additionally, they’ve also let our housing crisis spiral out of control by bringing in more people than we can house.

Only One Nation will put a stop to this madness and fight for the Australian people. It’s time to end these anti-Australian decisions that are dragging us backwards.

Transcript

Well, I couldn’t believe my ears last week. The Albanese Labor government burst out of the gates to tell Australians to celebrate and rejoice: wages had gone up 0.8 per cent for the quarter. The Treasurer and Prime Minister tell us: ‘Pop the champagne bottles! Just ignore the fact that inflation has gone up one per cent for the same quarter.’ That means everyone has gone backwards an average of 0.2 per cent. Can you believe the Treasurer and Prime Minister can bring themselves to front up to the cameras to address this parliament and put such a ridiculous spin on the latest round of bad news? How do they do it? How does the Labor Party keep telling Australians we’ve never had it better, while Australians struggle through the worst cost-of-living crisis in modern history? The GDP is treading water; it’s barely staying out of technical recession. How is it staying out? Thanks to one million fresh migrant arrivals in just two years, boosting official gross domestic product, GDP, to just barely over the recession threshold. 

Meanwhile, let’s look at how everyday Australians are faring. We’re in the middle of the worst per capita recession since the Great Depression. Australians have not gone backwards on average this badly since the 1930s—almost a century. What is the Liberal-Labor uniparty’s answer to this? The uniparty will continue to send our natural resources overseas for China to use in building solar panels that China sells back to us. The uniparty will continue to obey what unelected foreign organisations like the World Economic Forum say. The uniparty will keep letting foreign predatory investment funds like BlackRock, Vanguard and State Street, and banks like JP Morgan, own our critical industries and get away with economic murder. The uniparty will continue to let too many new arrivals into our country before we have the necessary housing and services, prolonging the housing crisis that the uniparty created over recent decades. The housing crisis did not occur overnight; it’s been cultivated. Only One Nation will stop this madness and put an end to anti-Australia decisions that are sending our people backwards. (Time expired) 

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One Nation’s Policies Can Fix Australia’s Inflation Crisis

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Australia’s real wages have collapsed to levels not seen since before 2010, wiping out 15 years of hard-earned pay rises. Both the Labor and Liberal governments have fueled this crisis.

While the government wastes billions on net zero projects and supports foreign companies, inflation continues to rise.

The solutions are simple: cut subsidies to foreign-owned, net zero parasites and use Australia’s oil, coal and gas for our benefit. Let farmers freely use their land to grow affordable food and adopt One Nation’s housing policies to get Australians into houses. Only One Nation is putting Australia first and has the policies to bring inflation under control.

It’s time for the government to stop looking after their mates and start putting the country first.

Transcript

If you feel like you’re going backwards, you are. Inflation is running out of control and way too high. Wages haven’t caught up to cost-of-living increases. When adjusted for inflation, Australia’s real wages have collapsed to a level not seen since before 2010. That means that government caused inflation has wiped out 15 years of hard-earned pay rises. The government has its foot on the accelerator now, making it worse, while the Reserve Bank is stomping on the brake for mortgage holders. This coalition motion claims $315 billion of Labor government spending is unhelpful in the inflation fight. The coalition’s $508 billion spend on its mismanaged COVID response was just as unhelpful. That created the inflation that Labor is now prolonging. The Liberal-Labor uniparty cannot fix the cost-of-living crisis when both are committed to net zero insanity, making inflation worse. While government subsidises foreign-owned, Chinese-dominated companies to put up environment-destroying wind and solar complexes, inflation will continue. While farmers are restricted from using their land to grow fresh food, inflation will continue. While government crushes small business and lets multinational companies get away with economic murder, inflation will continue. While 40 per cent of the cost of building a new house continues to be taxed, inflation will continue. 

The solutions are simple: cut the subsidies to the foreign-owned, net zero parasites, and use Australia’s abundant oil, coal and gas reserves right here for the benefit of the people in this country. Let farmers be free to use their land to cheaply grow the world’s best food so Australians can afford to eat. Finally, adopt One Nation’s housing policies that will get Australians into affordable houses. Only One Nation policies will put Australia first and bring inflation under control. To the Labor-Liberal uniparty, stop looking after your mates and start putting the country first. Adopt One Nation’s policies on housing and immigration. 

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