“Labour's share in the GDP [gross domestic product] is at its lowest level; it hasn't been at this point since 1960.”
What RMIT ABC Fact Check found
Ms McManus's claim is a fair call. Figures published by the Australian Bureau of Statistics (ABS) show that, since 1959, the compensation of employees as a share of the nation's GDP has never been lower. It's important to note that in making her claim, Ms McManus referred to workers' share of Australia's "wealth". Experts told Fact Check this was a different economic concept to income, which is what is measured when talking about labour's share of GDP. There is no perfect measure for workers'...
Their words, from the summary they publish with the rating.
In short
Sally McManus (ACTU Secretary) made this claim. RMIT ABC Fact Check (Australia) looked into it and published its finding on 23 August 2022. Its rating was “Fair call”.
Where the claim appeared
Links recorded by RMIT ABC Fact Check. Some posts may have been deleted since.
This check was done by RMIT ABC Fact Check, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.