Spare us the sentiment approximately unions having too much power. The latest figures explain businesses believe more than ample flexibility to control wages
The latest release of the wage price index saw yet another record low rate of wages growth. In the private sector, wages in the past 12 months grew throughout Australia by just 2.1% on average. The figures are yet another blow to the critics within the government of the current industrial relations system and also rather dampens the case made by the treasurer and prime minister that tax reform needs to urgently tackle “bracket creep”. Related: Unemployment at 5.9% something to sing approximately – or is it too good to be true? Continue reading...
Source: theguardian.com