Definitions are very important.
According to the ACTU, who themselves quote the OECD, poverty is defined as earning less than 60% of median earnings. Hence the ACTU is seeking a 10.7% increase – or $72.80 per week increase in the minimum wage.
It would be very simple for Australia to meet this ACTU/OECD target of 60% of median earnings. All that would be required would be to implement many of the ALP’s policies around a concurrent increase in taxes and government spending. Not to mention all the anti-productivity measures (regulation, regulation and regulations) and the increase in the superannuation levy.
When all these policies are bedded down, the Australian economy will crater, lifting unemployment and reducing the median wages. Given it would be next to impossible to reduce the minimum wage, 60% of a much lower median wage will mean that:
no full-time Australian worker lives below the poverty line.
Fewer people working, but the ACTU does not care about them. All Australian’s poorer. But hey, anyone who is lucky enough to still be working will not be living under the the ACTU/OECD defined level of poverty.
Hey presto. Like magic. Socialism in action.