Jim Chalmers, Australia’s Treasurer and a former PhD student of Paul Keating, has adopted similar attack strategies against the Liberal Party, particularly targeting new shadow treasurer Tim Wilson’s call for prioritizing inflation control over full employment. Chalmers criticized Wilson’s stance, claiming it would lead to job losses and higher unemployment, echoing Keating’s tactics from the early 1990s during economic turmoil. Recent data showed a decline in real wages amid rising interest rates, which economists predict will continue. The ongoing debate reflects a strategic distraction from Labor’s own economic challenges while emphasizing the importance of balancing inflation and employment.
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