ABS analysis of 2020 national accounts. Notice the enormous subsidy to business (the pink), and subsequent…

ABS analysis of 2020 national accounts. Notice the enormous subsidy to business (the pink), and subsequent big jump in profits (orange), which in turn drove inflation. Compensation of employees fell below 50% for the first time since 1959. ‘Lockdowns’ were very good for business. https://t.co/E7508Bw2Wm