President of the BCA: If you look over the last three decades at the split between profits and wages, it's been pretty consistent across Australia.
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Speers challenged him on his pretty loose assertions, but it's hard to counter this kind of stuff in an interview without saying "ok let's look at this graph" which might be nice, but probably not practical
But the BCA Prez was right when he said "Profits are highly volatile". So let's look over the past 6 years then. That is plenty of enough time to remove the volatililty across industries
I use March 2016 as the startign point becaseu that is where in the first graph in the thread mining profits really drive up "total profits"
But it's clear it has not just been mining profits going faster than wages
But it's clear it has not just been mining profits going faster than wages
When you look at a 6 year span business groups will then say "oh yes, but right now things are tough". And so when you look at right now they say "oh but profits are volatile"
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