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The Albanese Government

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Passing Through View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 8:47am
That is why the govt isn't over reacting to the job shortage. Libs calling for all sorts of exotic ''fixes'' like putting granny back to work and taking her pension, but the govt is waiting for the economy to settle down. In the meantime the shortage is driving real wage rises(according to RBA). With unemployment 3.5% we really dont have too many problems here. Our options are pretty good.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 9:02am
Originally posted by oneonesit oneonesit wrote:

Originally posted by Passing Through Passing Through wrote:

The Reserve Bank says wages are lifting.
Of course they are lifting - the problem for everyone is they are only increasing at half that of inflation. 

But you know that PT
Hmmm, what happened to the hysterical posts about rising wages will explode inflation?

Change your mind again?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 9:57am
 well...whatever is happening is working. My daughter and son-in-law just bought their own first home, helped by their wages increasing and house prices slowing...

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 9:57am

‘Deeply negative’: Real wages plunge at fastest rate on record before jobs summit


Australian households are suffering under the sharpest decline in purchasing power on record as “sluggish” wages growth continues to lag behind skyrocketing prices for everyday essentials.

Official figures published on Wednesday revealed real wages fell 3.5 per cent when measured against headline inflation in the June quarter – even worse than the March quarter plunge.

That’s because the Wage Price Index (WPI) rose just 2.6 per cent annually, far behind the 6.1 per cent inflation rate measured by the Australian Bureau of Statistics over the same period.

And while some economists cautioned that the WPI is a narrow measure of worker earnings, they said broader evidence also confirms households are facing a huge cost-of-living squeeze.

“What we’re seeing is an unprecedented decline in inflation-adjusted wages,” APAC Indeed economist Callam Pickering said.

“These cost-of-living pressures are real and they’re hitting households pretty hard.”

The latest fall in real wages will fuel calls for action to halt declining household purchasing power at the Albanese government’s jobs and skills summit next month, with unions already asking for an overhaul of Australia’s enterprise bargaining system.

There were, however, promising signs that wages growth will pick up later this year, with the average pay rise handed to private sector workers over the quarter reaching 3.8 per cent.


https://thenewdaily.com.au/finance/finance-news/2022/08/17/real-wages-inflation/

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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:44am
Yes not good. Not much good saying you fully support wages growth staying pace with inflation when not only do they not keep pace - they fall in real terms at a record rate.

And Rusty - nowhere above did i suggest rapid wage rises were not inflationary. Stop trying to read something into things that are not there.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:49am

The Australian Council of Trade Unions (ACTU), which is pushing for an overhaul of wage bargaining across the country at an upcoming federal government summit, said Wednesday’s data showed “urgent action” is needed.

“It is clear that we have a serious systemic problem,” ACTU secretary Sally McManus said.

“We have been promised wages would go up when productivity goes up — they have not.

“We were promised that when business does well, pay rises will come — they have not.

“And the RBA as well as old-style economists have insisted low unemployment will bring wages growth — it has not.

“For six months unemployment has been low, yet wages are continuing to flatline.”

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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:50am
Originally posted by Passing Through Passing Through wrote:

That is why the govt isn't over reacting to the job shortage. Libs calling for all sorts of exotic ''fixes'' like putting granny back to work and taking her pension, but the govt is waiting for the economy to settle down. In the meantime the shortage is driving real wage rises(according to RBA). With unemployment 3.5% we really dont have too many problems here. Our options are pretty good.
Well you got that right - they certainly are not over reacting that's for sure. I see Scommo is headed north to discuss Uluru stuff face to face with the Torres Strait Islander folk. Cast of millions attending I presume. Is it possible that after 5 years of conferences & chin wagging there is something new that he is going to hear ?

Maybe we need similar on the economy ?

Just sayin !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:54am
Fair chance we will turn to our natural resources to turn things around for us. Continued record export sales in major items like coal & gas should help a fair bit.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:55am
Originally posted by oneonesit oneonesit wrote:

Originally posted by Passing Through Passing Through wrote:

That is why the govt isn't over reacting to the job shortage. Libs calling for all sorts of exotic ''fixes'' like putting granny back to work and taking her pension, but the govt is waiting for the economy to settle down. In the meantime the shortage is driving real wage rises(according to RBA). With unemployment 3.5% we really dont have too many problems here. Our options are pretty good.
Well you got that right - they certainly are not over reacting that's for sure. I see Scommo is headed north to discuss Uluru stuff face to face with the Torres Strait Islander folk. Cast of millions attending I presume. Is it possible that after 5 years of conferences & chin wagging there is something new that he is going to hear ?

Maybe we need similar on the economy ?

Just sayin !
oops - did I say bloody Scommo. I obviously meant his replacement Anthony.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:56am

Australian Unions Need to Stop Pinning Their Hopes on the Labor Party


Owen Bennett

Since the 1980s, Australian unions have subordinated everything to getting Labor elected. It’s a failed strategy that has diminished union power, leading to declining wages and conditions for workers.


In the lead-up to the Labor government’s Jobs and Skills Summit next month, the union movement faces a dilemma.

The first option is to continue relying on Labor to end neoliberalism, a strategy that has seen the union movement decline precipitously. The second option is for the unions to rebuild ground-up industrial power and fight for the change they want to see.

Rebuilding industrial strength will necessitate confronting a hostile Labor government. Employers and the media will also seize on a resurgence of militancy to attack Anthony Albanese’s Australian Labor Party (ALP). Consequently, the unions must choose between defending the ALP’s interests or their members’ interests — they cannot do both.

...

Labor abandoned the wide-ranging platform of industrial reform that it took to the 2019 election, including the reintroduction of industry-wide bargaining, demanded by unions. “Business, workers, and unions have to work together,” declared Albanese in September 2019, “each in the recognition that both the ingredients and fruits of success are shared.”

In reality, however, this success has not been shared. Between 2016 and 2021, in real terms, corporate profits increased by a staggering 256 percent while wages grew by only 7.5 percent. Today the share of national income going to business has never been higher. Clearly, the unions must challenge Labor’s industrial peace strategy if they are going to reverse this trend. Despite a few notable exceptions, this is not what the union movement has done.

In fact, the peak union body, the Australian Council of Trade Unions (ACTU), supports Labor’s industrial peace strategy. Following Albanese’s lead, in 2019, the ACTU scaled back its calls for overhaul of the industrial relations system. The following year, during the height of the pandemic, the peak body struck a deal with the Business Council of Australia to fast-track union-approved enterprise agreements, even if it meant some workers would be worse off. More recently, ACTU secretary Sally McManus hailed Albanese’s wage commitment as the “key moment” of the election campaign.

In short, the ACTU made its thinking clear: to help Labor get elected, it would support industrial peace. This choice, however, comes at a cost.

https://jacobin.com/2022/08/unions-actu-political-contributions-labor-party-albanese



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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 10:59am
In the early 1990s, Labor escalated its assault on the unions’ industrial power. This reached its zenith in 1993, when Paul Keating’s Labor government expanded its system of enterprise bargaining agreements (EBAs).

Prior to Keating’s reforms, workers’ terms and conditions were largely set by industrial awards, while the Industrial Relations Commission determined most people’s wage improvements via National Wages Case decisions. EBAs, by contrast, are struck between unions and individual businesses. Referred to at the time as “managed decentralism,” the shift toward EBAs made it impossible to generalize wins, requiring unions to duplicate their efforts at many different workplaces. It also opened avenues for employers to sidestep or undermine workplaces with particularly militant traditions.

As a result, workers’ power in the labor market nose-dived. Union density declined from 44.3 percent in 1992 to just over 20 percent in 2010. Incredibly, the union movement not only supported Keating’s EBA system but extended this support to Kevin Rudd and Julia Gillard, both of whom placed EBAs at the heart of their governments’ industrial relations agendas.

In 2007, Keating proudly reflected on his government’s legacy of union busting.

I was the guy that had to get the ACTU in a headlock and pull its teeth out. . . . I was one of those who ushered Australia into the post-industrial age, where the collective is less and the natural role of unions is less. They also got incompetent as well. [The union movement] is dying on the vine. . . . [Today] you have Labor with unions attached, but they’re not the ones calling the shots.

"Two hundred years ago, 99.999 percent of human idiocy went unrecorded. Now we have the Internet."

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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 11:04am
Funny reading that. Had a mate who was with Nestle all his life - got to a very high level - & spent his last 15 years in Switzerland (HO). Remember telling me how the Govt over there proposed that no individual in any company could earn more than 20 times the average of the shop floor workers. Was going to a peoples vote (bit like our referendum) Caused a massive stir - companies going  to move out of the country ect. 

Never got off the ground in the end LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 11:11am
Whatever happens oneone, we at least know we have one PM, one Treasurer, one Finance Minister etc etc. at a time.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: Yesterday at 11:45am
July unemployment number today 3.4% a 48 year low.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 23 hours 19 minutes ago at 12:10pm
https://edition.cnn.com/2013/11/21/opinion/sutter-swiss-executive-pay/index.html#:~:text=It's%20an%20idea%20that's%20radical,employee%20earns%20in%20a%20year.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 23 hours 17 minutes ago at 12:12pm
Actually went to a peoples vote & got rolled 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 23 hours 15 minutes ago at 12:14pm
Imagine cutting our CEO's back to say half a million 

Joycey et al would have kittens LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 20 hours 9 minutes ago at 3:20pm
This is worth a read. Basically saying that there is agreement to proceed with the process. Question - just how many local, regional , state , federal indigenous groups are there ? No wonder they cant get agreement - they all want to ensure their jobs are safe
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 20 hours 9 minutes ago at 3:20pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jujuno Quote  Post ReplyReply Direct Link To This Post Posted: 18 hours 50 minutes ago at 4:39pm
 he's talking to himself again...

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