Original article by Phillip Coorey
The Australian Financial Review – Page: W3 : 8-Mar-18
Prime Minister Malcolm Turnbull has told a business summit that unemployment would rise if Opposition Leader Bill Shorten implemented his proposed minimum wage reforms. He warned that regulating increases in the minimum wage would not be sustainable unless it was accompanied by growth in the economy. Turnbull also said that Shorten’s stance on Adani’s proposed Carmichael coal mine has resulted in a "genuine" sovereign risk that could affect other projects, with a resulting impact on jobs and investment in Australia.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD, RESERVE BANK OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, INTERNATIONAL MONETARY FUND