Former Reserve Bank board member John Edwards, who was an economic adviser to former federal Treasurer Paul Keating, has warned that any big wage increases without productivity improvements will have an adverse effect on the economy by pushing unemployment up.
Federal Opposition Leader Bill Shorten has said that moving wages was a "fundamental economic imperative" and that the minimum wage "was nowhere near a living wage".
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
