Mr FRYDENBERG (Kooyong—The Treasurer) (14:03): When it comes to the Labor Party on the economy you always have to look at what they do, not what they say. When the Labor Party was last in office, real minimum wages fell in three out of six years. The SPEAKER: The Leader of the Opposition, on a point of order. Mr Albanese: It obviously goes to relevance. The SPEAKER: The Leader of the Opposition might reflect on the preamble. Mr FRYDENBERG: Inconvenient truths are very difficult for the Leader of the Opposition. When Labor was last in office, real minimum wages fell in three out of six years. Since we have come to government they have gone up each and every year. The wages bill across the economy is otherwise known as the compensation of employees. Under us it has grown five per cent through the year; under Labor it was 3.2 per cent through the year. As the Prime Minister referred to real wages, which the Wage Price Index is a euphemism for, the wages growth above inflation is at 0.7 per cent. This is above the long-run average. When it comes to wages, when it comes to money in the pockets of hardworking Australians, there's no better illustration of what we are doing for Australian workers than the tax cuts that passed this parliament against the wishes of those opposite. Dr Chalmers: We voted for them. Mr FRYDENBERG: I'll take that interjection. 'We voted for them,' he says. (Time expired)