Further interest rate rises? Corporate profiteering is to blame

Tomorrow, the Reserve Bank of Australia (RBA) will meet to discuss whether to deliver an interest rate for the twelfth time since April last year.

If the decision is to lift interest rates yet again, it will be corporate profiteering – the greed-price spiral – that is to blame.

Between the RBA and big business, average Australians are bearing all the pain of a situation they did not cause and have little control over.

Read this – every single word of it. Australia is full of economist who do not dare say these truths. Every year they are wrong, yet they are still rolled out to say the same thing. And as for the RBA Governor, @1RossGittins doesn't misshttps://t.co/kQSEaOIZB9

— Sally McManus (@sallymcmanus) June 4, 2023

People power

Nearly two millions union members stood up again big business and fought for – and won – a pay rise.

Joining your union at this time is the most powerful and valuable decision you can make. Why? Two reasons:

1) The bigger our movement, the louder and stronger our collective voice is.
2) On average, union members earn $312 more per week than non-members.

Cover photo credit: Kate Trifo on Unsplash