The differences in predictions coming from industry, the Opposition and the Government on the effect of the superannuation levy are unbelievably wide. They are so wide that the great British statesman’s warning about the moral status of statistics is worth bearing in mind.
The extremes are the Confederation of Australian Industries top limit of 60,000 jobs being lost and the prediction by the Treasurer, John Dawkins, that job losses will be minimal and might even create jobs.
The National Farmers’ Federation, citing the Murphy model, says there will not be much impact this financial year, but in the next two years the impact will be 30,000 jobs.
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