'Ridiculous idea': Chalmers denies growing wages are driving inflation

Treasurer Jim Chalmers says the idea that there is a wage-price spiral in the economy is “ridiculous”.

“I think it’s important we broaden our conversation beyond this ridiculous idea we have a wage-price spiral,” Mr Chalmers said in a media conference on Wednesday.

“We don’t have inflation because wages are growing quickly.

“One of the problems is that wage growth has been too stagnant."

[martytube]

It should disqualify him from this job if he doesn't think wages don't have an effect!

[robertnicholson]

Inflation is only caused by one thing, the Government printing money and expanding the money Jim Chalmers knows this fullwell.

[robertfleming]

I don’t trust Chalmers he lie’s like his boss won’t touch superannuation bull dust.

[BabyFruitBat]

It's economics 101, wage increases cause inflation.

[grantsapain]

Growing wages aren't the problem. It's deficit spending, quaitative easing, & spiking energy prices due to curtailing the supplies of cheap, reliable energy...

[KIA-MIA-POW]

The ability to spruk economic theory and practice is alien to Chalmers...

[johnsbackwithcommonsense]

Growing wages?We have a month to go for April fool's day.

[RB-mrcr]

Only people who work with the government have wages increases, not for us that work in private sectors, wages have not changed

[JesusSeesAll]

Most of the inflation is coming from greedy corporations who have implemented large price increases.

[davidmcgee]

Cost of labour inflation relationship?