Senator CORMANN (Western Australia—Leader of the Government in the Senate, Minister for Finance, Special Minister of State and Vice-President of the Executive Council) (14:07): The sad thing is that Senator Cameron doesn't understand economics. There is a lag between increased profits and increased investment to increases in jobs. We have gone through a period of slower global growth and we've gone through a significant economic transition in Australia, with significant drops in prices for our commodity exports. And, of course, instead of having massive increases in unemployment under our government, we've seen massive increases in employment. In the last 12 months we've had 420,000 new jobs. If wages had grown strongly— The PRESIDENT: Senator Cameron on a point of order? Senator Cameron: Yes, a point of order on relevance. The issue that I've raised is that workers are getting pay cuts while profits are going up— The PRESIDENT: Senator Cameron, a point of order should at least refer to the relevant issue you're raising, not restate the point you were trying to make in the question. Senator Cormann was being relevant. In fact, he was mentioning that term as you rose to your feet. Senator CORMANN: The truth is that wages growth has been picking up as the economy has continued to improve. We want wages growth to pick up more. That is why we need businesses to be more profitable and more successful, because if they're less profitable and less successful, let me tell you, they'll hire fewer people and pay them less. That is common sense! Do you think that a less successful business will be able to hire more people and to pay them better wages? It is only in the Labor Party where that sort of logic applies. (Time expired)