this post was submitted on 30 Jun 2025
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So enough to buy a few burgers, and afford one weeks camping by then. Thanks Paul.
This is a really weak take? Some quick research shows that typical average super fund performance over the last 32 years is 5.4% greater than CPI. Compulsory contributions are also only compulsory on the part of employers, and employees have still benefited from comparatively high wage growth amongst our peers.
Like, could the system and wage growth have been and continue to be better? Sure. But did he do a good job of preemptively managing the aging population that so many countries struggle with now; of forcing employers to be accountable to paying their employees well into retirement? Definitely. And is he talking out of his arse now? Absolutely.