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Labor's promise of higher wages could cost NSW $2.6 billion

Sydney Roosters, National Rugby League, Manly Warringah Sea Eagles, South Sydney Rabbitohs, NSW election, Labor party, essential workers, pay rise
Mirror7
Labors promise of higher wages could cost NSW 2.6 billion

Labor's promise of higher wages could cost NSW $2.6 billion

As the NSW election approaches, Labor has promised to increase wages for essential workers, which could cost the state up to $2.6 billion per year. The proposal has received mixed responses from voters, with some praising the move while others are concerned about the cost.

Table of Contents

  • Labor's proposal to increase wages
  • Concerns about the cost
  • Responses from voters
  • Conclusion

Labor's proposal to increase wages

The Labor party has pledged to increase wages for essential workers if it wins the upcoming NSW election. The proposal would see a $5 per hour pay rise for frontline workers including nurses, paramedics, and aged care workers. Labor leader, Chris Minns, said the pay rise is necessary to acknowledge the hard work and dedication of these workers during the COVID-19 pandemic.

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However, the proposal comes with a hefty price tag. According to an analysis by the Parliamentary Budget Office, the pay rise could cost the state up to $2.6 billion per year. The cost would be funded through an increase in payroll tax for businesses with a payroll of more than $10 million.

Concerns about the cost

The high cost of Labor's proposal has raised concerns among some voters. Business groups have warned that the increase in payroll tax could lead to job losses and hurt the state's economy. The NSW Chamber of Commerce has said that the proposal is "reckless and irresponsible".

The Liberal-National coalition has also criticized the proposal, with Premier Dominic Perrottet saying that the state cannot afford to spend $2.6 billion on wages. He has accused Labor of making promises without a plan to pay for them.

Responses from voters

The proposal has received mixed responses from voters. Some have praised Labor for recognizing the hard work of essential workers and providing them with a much-needed pay rise. Others, however, are concerned about the cost and the impact it could have on the state's economy.

The proposal may also have an impact on undecided voters. A recent analysis by the ABC found that there are still a significant number of undecided voters in NSW, who could sway the election in either direction.

Labor's proposal to increase wages for essential workers has sparked a heated debate in the lead-up to the NSW election. While some voters support the move, others are concerned about the cost and the impact it could have on the state's economy. With the election just weeks away, it remains to be seen how the proposal will impact voters' decisions.

Keywords: NSW election, Labor party, essential workers, pay rise, payroll tax, business groups, undecided voters.

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