logo
Architect of Labor's crushing win flags Dutton's fatal flaw and outlines what PM must do next

Architect of Labor's crushing win flags Dutton's fatal flaw and outlines what PM must do next

The Guardian21-05-2025

The architect of Labor's election victory says Anthony Albanese's government must methodically deliver on its agenda, despite a larger than expected majority and political upheaval within the Coalition and Greens.
Paul Erickson, Labor's national secretary and campaign director, told the National Press Club in Canberra on Wednesday the government had the communications and political skills to sell major reform ideas to voters, but should focus first on its 'ambitious' agenda endorsed at the ballot box, including on health, energy and economic growth.
Speaking on the third anniversary of Albanese's 2022 election victory, and nearly three weeks out from his landslide 3 May reelection, Erickson said the Liberals and Nationals would continue to lose unless they learned the lessons delivered by voters, including on climate change.
Labor is on track to hold more than 90 seats in the House of Representatives, despite predictions Albanese would slip into minority at the poll. The government's political stocks have also been bolstered by the split in the Coalition, and the Greens going backwards, including its former leader Adam Bandt losing his own seat.
But Erickson, the 41-year-old campaign chief credited with crafting the historic landslide, said Labor must not exceed its mandate from voters.
'I think that there was a lot of ambition in the plan for the next three years that the prime minister and the Labor team put forward in the campaign,' he said.
'The best approach is for Labor to stay focused on the agenda that we campaigned on, what we sought a mandate for, and now we need to deliver. And I think that's what will drive the government's work and the legislative agenda in the parliament over the next three years.'
Erickson said the former opposition leader Peter Dutton had been stuck in a conservative media 'echo chamber' and was too quick to fight culture wars and import Donald Trump-style political tactics.
He said Dutton and his colleagues badly misread the mood of the electorate, giving Labor the ability to successfully campaign around the Liberal leader's personality and outlook.
'His aggression and intolerance unsettled people,' Erickson said.
'Was he focused on Australians who were looking for the party with the best plan to make them better off over the next three years? Or was his priority winning over voters who were looking for an Australian variation on MAGA?'
First appointed to the role in 2019, Erickson said Labor's campaign strategy was superior because it focused close on cost-of-living pressures and essential services like Medicare and education.
He chided the Liberals for mishandling policy announcements, including on work-from-home rules for public servants and on housing affordability, singling out housing spokesman Michael Sukkar who lost his seat.
'With less than two weeks to go, on Insiders with David [Speers], Michael Sukkar said that the Coalition was saving up their policies so that they could, 'Connect with Australians when they're going to switch on.'
'I remember watching that interview and thinking — you haven't got long now, brother!'
Erickson said the opposition needed to learn the lessons of its recent losses, including on the issue of climate change.
'I think if they continue on the path they're on, of delay and denial, then they will continue getting the sorts of outcomes that we saw.'
He committed Labor to a full review of its campaign strategy and said he would decide whether to seek another term leading the party's administrative wing before the end of 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EXCLUSIVE How a 'DOUBLE' pay rise is on its way for millions of Aussie workers next year
EXCLUSIVE How a 'DOUBLE' pay rise is on its way for millions of Aussie workers next year

Daily Mail​

time2 hours ago

  • Daily Mail​

EXCLUSIVE How a 'DOUBLE' pay rise is on its way for millions of Aussie workers next year

Low-paid Australian workers could be getting a huge 'double' pay increase of more than seven per cent in 2026 - with the likes of dry cleaners and restaurant staff to be the key beneficiaries. A major employer group has warned the potential pay spike could threaten the jobs of low-skilled workers, given it would follow the Fair Work Commission awarding a 3.5 per cent pay rise to 2.9million workers beginning on July 1 this year. That latest increase applies to workers on awards and the 200,000 Australians on the minimum wage. But a hidden clause in the industrial umpire's decision proposed scrapping a key employment classification, which could come into effect in July 2026. This would automatically grant a 3.6 per cent pay rise to the very lowest paid, regardless of the following annual wage review decision - because these workers will be moved on to a higher pay grade. This pay rise would also be on top of what the commission decides for an upcoming minimum wage increase in 2026-27. If it matched this year's 3.5 per cent increase, it would mean low paid workers are in line for a double-up pay increase of 7.1 per cent. Employer groups have warned the series of pay rises could lead to job cuts. But Tim Kennedy, the national secretary of the United Workers Union which represents the likes of cleaners and hospitality workers, said the minimum wage rise was about helping the lowest paid to survive. 'When workers can't afford rent, food or petrol, the wage floor is clearly too low,' he told Daily Mail Australia. 'The decision is a lifeline, but we'll continue fighting until wages are genuinely liveable for everyone.' Professor John Buchanan, a labour market researcher at the University of Sydney, told Daily Mail Australia the Fair Work Commission had a 'very timid' approaching to making wage decisions. 'They are very keen to ensure that their decisions are not seen as irresponsible and potentially behind a jacking up or a prolonging of high interest rates,' he said. 'The minimum wage and the awards system is about what kind of civilisation we are. 'Wages policy isn't just about economic efficiency and equations in an econometric model. 'This is the signal we send to ourselves and our society about how we treat the most vulnerable in the labour market and by having a wages structure that ensures those at the lowest reaches can live some semblance of a decent life.' Australia's 200,000 minimum wage workers on the existing C13 classification will be getting $24.95 an hour from July 1, following the latest increase. Their weekly pay is going up by $32.10 to $948, which translates into a $1,669.20 annual increase for those putting in a 38-hour week. Those working full-time on the lowest pay will be getting $49,296 a year from next month. There is a 3.6 per cent gap between the C13 classification, which the Fair Work Commission wants to scrap, and the better paid C12 classification, which those on the minimum wage could be transferred on to in July 2026. Workers on the C12 classification will be getting $25.85 a hour from July 1 this year. That equates to $982.20 a week or $51,074 a year. Minimum wage earners, now on $24.10 an hour or $915.90 a week, would effectively have enjoyed a 7.3 per cent wage increase in four weeks' time had the C13 classification been scrapped immediately. The Australian Industry Group's chief executive Innes Willox said the Fair Work Commission's proposed classification change for those on the minimum wage would threaten jobs. 'This would impose major cost increases on many thousands of employers in the hospitality, restaurants, clubs, horticulture and pastoral industries,' he said. 'There is simply no justification for such a large increase in minimum wage rates for kitchen hands, glassies, farm hands, hotel cleaners and similar low-skilled jobs, on top of the annual wage review increase that would also apply. 'Such a move would threaten the livelihoods of many business owners and the jobs of many workers.' But Prof Buchanan said a big wage rise for the lowest one per cent of workers, on the minimum wage, was hardly unreasonable. 'I've been studying, following wages policy now, professionally, since 1985 and I can't remember a time when any employer group ever has said, "This is a sound wages decision",' he said. 'If we had been listening to them for 40 years, people would be living on poverty wages - they basically cry wolf so many times, they lose all credibility when they make that point.' ACTU secretary Sally McManus said lower-paid Australians deserved to be valued at work. 'We welcome the Fair Work Commission's recognition that the real value of award wages should be restored, particularly for lower-paid Australians,' she said. 'Feeling more valued at work creates the working conditions for more productive businesses and a more resilient economy.' A change in classification would affect workers on awards covering manufacturing, hospitality, restaurants, clubs, horticulture and dry cleaning and laundry. Minimum wage workers received an 8.6 per cent pay increase in July 2023 when the old C14 classification was scrapped and something similar could happen in July 2026. The latest 3.5 per cent increase was well above the 2.4 per cent headline inflation rate and above the overall 3.4 per cent increase in wages for all Australian workers in the year to March.

Australia is 'safe and reliable' critical minerals alternative, minister says
Australia is 'safe and reliable' critical minerals alternative, minister says

Reuters

time2 hours ago

  • Reuters

Australia is 'safe and reliable' critical minerals alternative, minister says

PARIS, June 5 (Reuters) - Australia offers a secure alternative supply for critical minerals vital to industry, its trade minister Don Farrell said on Thursday, in the face of rising concerns about Beijing's dominance of the sector. China's decision in April to suspend exports of a wide range of rare earths and related magnets crucial to sectors ranging from automakers to aerospace and defence was widely seen as Beijing using that dominance for leverage in its trade war with the Trump administration. While China is a top global producer of 30 of the 50 minerals considered critical by the U.S. Geological Survey, Australia has some of the largest critical minerals deposits. "We think we can be a safe and reliable supplier into the supply chain for critical minerals around the world," Farrell told Reuters in an interview. But Australia does not want to just "dig and ship" the minerals and aims to process them as well, although that would require capital from outside such as the European Union, the United States, Japan, South Korea, Singapore and India, he said. The EU and Australia signed a partnership agreement, opens new tab last year to develop critical materials along the supply chain ranging from extraction to refining and processing leftover waste. Farrell said critical minerals could end up in a free trade agreement with the EU that Australia and the bloc are trying to revive after talks broke down in 2023, mainly over agriculture. Australia has sent top trade officials to Brussels this week to nail down the next steps forward as both sides seek access to alternative markets as the Trump administration aggressively builds tariff barriers to its trade partners. "I think there is now impetus on both sides to look at another crack at the agreement," Farrell said in Paris, where he met EU Trade Commissioner Maros Sefcovic on the sidelines of a meeting at the Organisation for Economic Cooperation and Development. Farrell also met U.S. Trade Representative Jamieson Greer at the OECD and told him Australia wanted the Trump administration to remove its 10% baseline tariffs and 50% tariffs on aluminium and steel. The United States, which has had a free trade agreement with Australia for two decades, ran a $17.9 billion trade surplus with the country last year, according to Greer's office.

Trump crypto ventures invade House market structure hearings
Trump crypto ventures invade House market structure hearings

Coin Geek

time2 hours ago

  • Coin Geek

Trump crypto ventures invade House market structure hearings

Getting your Trinity Audio player ready... Congress is trying to discuss digital asset legislation but keeps getting derailed by President Donald Trump's endless parade of crypto ventures—even the ones he claims not to be involved with. On June 4, the House of Representatives held not one but two committee hearings on the Digital Asset Market Clarity (CLARITY) Act, the update to the FIT21 market structure bill that the House passed last year but the Senate failed to take up before Congress adjourned for the 2024 election. CLARITY aims to clearly demarcate which assets/activities will be overseen by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). CLARITY aims to hand the bulk of that responsibility to the CFTC, but since the two regulators report to two different House committees, two simultaneous hearings were required to get this ball rolling. The hearings generated controversy even before they got underway, as staff for Democrats on the House Financial Services Committee (FSC) raised a ruckus the day before the hearings. The staffers accused the SEC of sharing its written analysis of CLARITY with Republicans but not with Democrats, politicizing what was previously a purely technical process. The Dem staffers further alleged that SEC officials refused to answer certain questions during a 'truly infuriating' phone call last week, with the SEC reportedly claiming the information was privileged. The Dems added that it appeared that the SEC staff on the call didn't understand aspects of the bill, nor had they bothered to read questions submitted by the staffers in advance of the call. Rep. Maxine Waters (D-CA), the FSC's ranking member, later sent a letter to newly confirmed SEC chair Paul Atkins requesting 'fulsome answers' to Dems' CLARITY questions. Aside from demarcating crypto oversight, the Dems are concerned that CLARITY could have unforeseen impact on the broader securities market, so they want to know more before it comes up for a vote. Hearings resolve little Given the preamble, Wednesday's FSC hearing was an at-times combative affair, with Dems—particularly Waters—raising the impropriety of Trump's various crypto ventures at every opportunity. Republicans mostly steered clear of any Trump talk, although Rep. Andy Barr (R-KY) went full scorched earth, calling Dems' corruption claims a 'red herring' and accusing them of being 'so obsessed with their political hatred of the President' that they're mounting a 'baseless, politically motivated attack' against him. The invited witnesses largely echoed GOP talking points regarding the urgent need to bring 'regulatory clarity' to the digital asset sector. Ex-CFTC Chair Timothy Massad, a regular on these types of panels, struck a different note, asking the committee to 'step back and consider what we are trying to build' with this legislation rather than simply ask, 'what do we need to do to make it easier for people to invest in this technology?' The day's other hearing was hosted by the House Agriculture Committee, with ranking member Angie Craig (D-MN) taking a slightly softer approach than Waters. Craig said she supported establishing rules of the crypto road but added that the fact that the president is 'hawking memecoins' was 'making this debate a lot more difficult.' Craig later asked the witnesses whether they thought the president and vice-president should be included in CLARITY's prohibition on members of Congress using non-public information to profit from crypto activity. The witnesses basically dodged the issue, saying CLARITY's prohibitions as written were 'appropriate,' although former SEC Commissioner Michael Piwowar gave himself an even easier out by noting that the SEC recently washed its hands of memecoin oversight; therefore, he had no opinion. The FSC has scheduled a CLARITY markup session for June 10, but Waters sent Chairman French Hill (R-AR) a letter requesting a second hearing 'this week' to call additional witnesses—selected by Democrats this time—and kick CLARITY's tires a little harder. Waters also wants to give the public 'the opportunity to consider and discuss additional perspectives on President Trump's crypto conflicts of interest and corruption.' Back to the top ↑ Senate not moving fast enough for some The Senate will have its own market structure bill to contend with later this month, as Sen. Cynthia Lummis (R-WY) told Politico this week. Lummis said the Senate's version could 'look very much like' CLARITY, although senators might 'tweak it a smidge.' As for the Senate's stablecoin legislation (GENIUS), there were some expectations that the bill might come up for debate on the Senate floor after it passed a couple of procedural motions late last month. But the growing number of proposed amendments to GENIUS—there were 53 such suggestions as of May 26, a number that has since grown to 71—are complicating Senate leadership's plans. On June 2, Politico reported that one of the more consequential amendments—an entirely separate bill dealing with credit card swipe fees that some veteran senators on both sides of the aisle have been trying to pass for years—has some senators threatening to change their vote to 'no' if that language makes it into GENIUS's final text. It remains to be seen whether Senate Majority Leader John Thune (R-SD) believes the chamber is ready for a floor debate on GENIUS this week. Multiple crypto lobbying groups issued a joint statement this week urging the Senate to 'remain committed' to GENIUS's 'central goal: providing a targeted and comprehensive approach to stablecoin oversight.' Back to the top ↑ CFTC nominee gets closer to chair; SEC chair outlines digital asset plans The CFTC offices might currently resemble a ghost town, but the Senate Agriculture, Nutrition and Forestry committee has scheduled a confirmation hearing for Trump's nominee for the regulator's chairmanship, Brian Quintenz, on June 10 at 3pm. As Quintenz awaits his grilling, the CFTC announced on June 2 that it had appointed Paul Hayeck as the new director of its Division of Enforcement. Hayeck, a 25-year CFTC veteran, has served as deputy enforcement director since 2013 and will continue to serve as acting chief of the division's Complex Fraud Task Force. Meanwhile, SEC Chair Atkins testified before the Senate Appropriations Subcommittee on Financial Services on June 3, offering insights into how the agency intends to approach digital assets under his leadership. Atkins claimed to have witnessed 'firsthand how ambiguous or nonexistent regulations in [the digital asset] space created uncertainty and inhibited innovation.' So Atkins is prioritizing the development of 'a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.' Echoing the crypto sector's mantra of having endured 'regulation by enforcement' under previous Chair Gary Gensler, Atkins said policymaking will now 'be done through notice and comment rulemaking,' utilizing the SEC's 'existing authorities to set fit-for-purpose standards for market participants.' Atkins claimed the SEC has for too long been 'hindered by policymaking silos.' Atkins praised the SEC's new Crypto Task Force for engaging with crypto operators and expressed confidence that Commissioner Hester Peirce is 'the right person to lead the Crypto Task Force's effort.' Noble sentiments notwithstanding, the post-Gensler SEC has signaled a hands-off approach to virtually all aspects of regulating digital assets, dropping numerous lawsuits while suggesting its focus going forward would be limited to policing clear cases of crypto-based fraud. Back to the top ↑ Trump Wallet: it's complicated We're not sure this technically counts as fraud, but on June 3, social media went agog on reports that the powers behind the $TRUMP memecoin were launching a Trump-branded digital wallet and trading application. However, the claims set off a comical series of denials, the fallout from which remains somewhat murky. It started with crypto journalist Molly White breaking the news of a new site that encouraged users to sign up for a waitlist of the 'Official $TRUMP Wallet.' The project is a partnership between GetTrumpMemes, the Bill Zanker-led company that issued President Trump's various non-fungible token (NFT) collections and also released $TRUMP in January, and Magic Eden, a crypto firm that runs an NFT marketplace. The TrumpWallet site claimed that Magic Eden had partnered with GetTrumpMemes 'to create the first and only $TRUMP Wallet,' adding that this is 'The Official $TRUMP Wallet by President Trump.' The GetTrumpMemes official X account tweeted a 'coming soon' promo for TrumpWallet, urging people to '[j]oin the $TRUMP community!' Magic Eden founder Jack Lu tweeted his own promo, claiming the wallet would allow users to trade prominent tokens like BTC, ETH, SOL, XRP 'and of course $TRUMP.' Lu also promoted the chance to share in '$1 million of $TRUMP in rewards' for individuals who referred other users to the waitlist. However, Trump's sons, Don Jr. and Eric, quickly poured cold water on these claims, with Eric tweeting that the wallet 'is not authorized' by the Trump Organization. Eric warned Magic Eden to be 'extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.' Don Jr. tweeted that the Trump Org 'has zero involvement with this wallet product' and that he and his brother 'know nothing about it.' Don Jr. added that the family's decentralized finance (DeFi) project World Liberty Financial (WLF) 'will be launching our official wallet soon.' Even Trump's youngest son, Barron, got in on the denials via his first-ever tweet, stating that 'our family has zero involvement with this wallet.' Eric later told The New York Times that there was 'no deal' and 'no agreement for this product. It has not been approved.' An X account bearing the name TrumpWalletApp that was linked with Magic Eden was suspended for as-yet-unknown reasons shortly after the brouhaha went public. Back to the top ↑ $TRUMP dinner guests get NFTs, WLF airdrops USD1 At least one GetTrumpMemes move this week was deemed to be officially blessed, as those who attended last month's gala dinner for the top 220 holders of $TRUMP were airdropped commemorative Solana-based NFTs on June 2. GetTrumpMemes congratulated the recipients, calling the NFTs 'historic collector's items that celebrate the Crypto President!' There are three separate NFTs, all based around a variation of Trump's post-assassination attempt fist-pump. The lowest tier NFT sent to 1,049 addresses features a 'Power to the Holders' message, while the more rarefied 'Gold Gala Dinner' NFT was issued to 219 addresses. The rarest of all, the 'Diamond Hands' NFT, was issued to the 118 stalwarts who held their $TRUMP throughout the dinner instead of rushing to dump the tokens the moment they'd served their intended purpose. The NFTs are already being flogged for resale, with one Diamond Hands recipient earning $16,000 from selling their collector's item to a member of the public. (Cubic zirconia hands, more like it.) Also getting in on the Trump airdrop action was WLF, which on June 4 announced that 'every eligible' holder of WLF's governance token WLFI (except those in New York and other excluded jurisdictions) had been airdropped $47 worth of USD1, the stablecoin WLF issued in March. WLF claims a total of $4 million worth of USD1 has been sent to ~85,300 WLFI wallets. Pleased with what it claimed was a test of its airdrop mechanism and to 'ensure smart contract functionality and readiness,' WLF asked whether it should now 'listen to the community and make $WLFI tradable?' Since its launch last October, WLFI holders have been unable to shift their tokens off the WLF platform, while WLF repeatedly promised that loads of DeFi functionality were just around the corner. It seems that magical day may finally be drawing closer. Back to the top ↑ Trump Media applies for BTC ETF Yet another Trump-controlled crypto project took a step closer to reality on June 3 as Trump Media and Technology Group (TMTG), the parent company of the Truth Social platform, filed its application with the SEC to launch a BTC spot-based exchange-traded fund (ETF). The application was filed by NYSE Arca, an ETF-focused offshoot of the New York Stock Exchange. NYSE Arca filed on behalf of TMTG's partner Yorkville America Digital, a Florida-based 'America-First asset management firm.' that appears to be an offshoot of the New Jersey-based Yorkville Advisors. Another offshoot, Yorkville America Equities, has partnered with TMTG on its planned Truth Social-branded separately managed accounts (SMAs). The 'Truth Social Bitcoin ETF' application defines the ETF's objectives as removing 'the obstacles represented by the complexities and operational burdens involved in a direct investment in bitcoin.' The ETF's shares 'provide investors with an alternative method of achieving investment exposure to bitcoin through the securities market, which may be more familiar to them.' The exchange's broker-dealer arm, Foris Capital US, will custody the BTC held by the ETF. TMTG has also pledged to launch other ETFs using a 'basket of cryptocurrencies' that will include native Cronos (CRO) token. TMTG signaled its ETF plans in January, less than two weeks after Trump was sworn in as president for the second time. This week's ETF application oddly doesn't utilize one of the three ETF-focused trademarks that TMTG applied for in early February. BTC-focused ETFs made their official U.S. debut in January 2024. These were soon followed by funds based on the Ethereum network's native token ETH, and countless applications have been filed for other prominent tokens. These ETFs have attracted hundreds of billions of dollars from investors disinclined to open digital asset exchange accounts to buy tokens directly, or who worry about the intricacies of crypto self-storage. Blackrock's (NASDAQ: BLK) IBIT ETF alone custodies ~661,000 BTC worth around $70 billion. Given TMTG's late arrival to this party, it's unclear why investors would be attracted to its ETF, unless MAGA types are looking for new ways to show support for their president. Earlier this week, TMTG announced that it had raised $2.44 billion from institutional investors for the purpose of following the 'BTC treasury' corporate strategy that is all the rage these days. Here again, fealty to the president appears to be the chief appeal, given that there are already well over 100 companies employing the same strategy and more firms are announcing plans seemingly every day. Back to the top ↑ Watch: Bringing the Metanet to life with Teranode title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store