The Forum > Article Comments > PM's financial achievement no accident > Comments
PM's financial achievement no accident : Comments
By Scott Prasser, published 30/5/2007John Howard could be a victim of his own success.
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Howard will not lose because he has been too successful at economic management, far from it.
Howard’s policies are designed to increase the share of GDP going to profits and to increase executive salaries by reducing the share of GDP going to workers wages, especially wages going to young workers, part-time and casual workers (frequently women) and workers who are paid very low hourly rates.
ABS statistics on profit and wages shares of GDP show just how successful Howard has been in achieving his objective.
Wages share of GDP is at record lows, whilst the profit share is at record highs.
Many voters know that it is not fair that those who are struggling to survive have had their share of the pie reduced to all time lows in an era when profits and executive salaries are at all time highs.
WorkChoices is one of the major tools Howard is using to achieve his aim of creating a ‘working poor’, modelled on the US system. Tax cuts are another major tool he is using to achieve this aim, just look at how low the tax cuts were for low paid workers! These tools, are not attractive to those who struggle to make ends meet and it is not attractive to those Australians who believe in a fair go and a fair distribution of the pie.
Many voters know that when Howard, Costello, Hockey and Rideout say that workers need to be “more flexible”, that they mean in “new-speak” that “young workers, part-timers, casuals (frequently women), and those on very low hourly rates need to accept a smaller share of the pie”. That’s evil in times of record profits and executive salaries.