ACTU boss Sally McManus slams ‘boomer fantasy’ that wage increases will hike inflation

Union boss SLAMS Reserve Bank over its ‘boomer fantasy’ that pay rises for average Aussies will push up grocery prices – as she demands huge hikes

• Reserve Bank governor Philip Lowe warned about 1970s style wage-price spiral 
• He fears that if workers continue to get high wage rises, inflation will increase 
• ACTU boss Sally McManus has dismissed the idea as a ‘boomer fantasy’
• She says teachers and nurses threatening strikes deserve everything they want 

By Charlie Moore, Political Reporter For Daily Mail Australia

Published: 22:13 EDT, 22 June 2022 | Updated: 22:14 EDT, 22 June 2022