Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Australia's 2.5% minimum wage rise: there's something in it for you, and the economy

By John Buchanan, Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney
Share this article
Australia has a serious wage problem. Over the past decade wages for all but the top 20% of income earners have flat-lined.

This is part of the longer-term problem concerning productivity and wages identified by groups like the OECD – namely, workers have not shared in productivity gains, with “labour market flexibility” experiments mostly to blame.

So the decision of the Fair Work Commission – the guardian of what’s left of Australia’s historical approach to ensuring decent pay – to increase the minimum wage by 2.5% is significant.

The commission reviews the…

Read complete article

© The Conversation -

Follow us on ...
Facebook Twitter