Sky News Political Editor Andrew Clennell says it’s going to be an “interesting test” for the federal government whether or not the economic relations invoice “crashes” Australia’s financial system.
“I don’t want to be too dramatic about it but there is that potential there I suppose,” he mentioned.
“If you have already got wages going up at a decent clip and you introduce industrial relations measures to see them go up even higher, and significantly higher, doesn’t that just push up inflation, and can that crash the economy because the Reserve Bank has to respond to that.”
