QUESTIONS WITHOUT NOTICE

Senator HUME (Victoria—Deputy Leader of the Opposition) (14:14): Since Labor came to power, Portugal, Poland, Hungary, Chile, Spain, the United States, Denmark, Ireland, Italy, France, the Netherlands, the United Kingdom, Canada, the Czech Republic, Belgium, Austria, Finland, Germany and Sweden have all managed to grow living standards—so have the G7 and so has the OECD.

Australia stands alone as the only developed economy in the world where living standards have gone backwards. Minister, what is Labor's explanation for that?