Newspaper article Daily Examiner (Grafton, Australia)

Lower Wages, Higher Costs with Carbon Tax: MP

Newspaper article Daily Examiner (Grafton, Australia)

Lower Wages, Higher Costs with Carbon Tax: MP

Article excerpt

FEDERAL MP Luke Hartsuyker said North Coast families will suffer a double whammy as a result of the Gillard Government's carbon tax after it was revealed real wages will decrease while the cost of living rises.

aAn analysis of Treasury

modelling has revealed that in addition to rises in the cost of living, under a carbon tax real wages will drop 1% by 2020 and 6% by 2050,a Mr Hartsuyker said.

aA 1% drop is the equivalent of $600 per year for a worker on average wages.

aAs we approach July 1 when the carbon tax will come into effect, the true impact is becoming very real. The double whammy of lower wages and higher prices will hit families hard.

aLast week Qantas announced an increase in its charges as a result of the Gillard Government's carbon tax. This will have an impact on our domestic tourism industry which is so important to the North Coast.a

Mr Hartsuyker said companies increasing their prices because of the carbon tax is just the tip of the iceberg. …

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