Land of fair go at risk as inequality worsens, ACTU secretary Sally McManus warns

Anemic wages growth, a widening gap between rich and poor and a "powerful elite" of banks, insurers and multinationals the main winners from 27 years without a recession.

That's the warning from the ACTU which is warning the policies of the Morrison government could result in an American style economy of dead end jobs, poverty pay levels and zero job security. 

ACTU secretary Sally McManus tells ABC's Peter Ryan that living standards in Australia are at thirty year low and could fall even further.