120 labour market researchers sign an open letter calling for intervention to boost wage growth

An open letter signed by more than 120 labour market experts has urged policy action to boost wages growth in Australia, amid perceptions that stagnant wages are threatening the economy and increasing inequality.According to the ABS, wages rose just 0.5 per cent in the December quarter and 2.3 per cent over 2018

The letter, endorsed by 124 economists, lawyers and specialist labour market researchers, has called for the adoption of measures to raise minimum wages, strengthen collective bargaining, relax wage caps on public sector workers, tackle pay inequity and constrain the outsourcing of"normal employment responsibilities".

"The consequences of this unusually slow wage growth are many and varied, and include weaker consumer spending, greater household indebtedness and financial stress, slower growth in government revenues, and widening inequality.

Simple stop immigration and sham student visas.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'I felt blackmailed': heavy-handed tactics in the aged care industryOne registered nurse managing in-home care had 120 patients, leaving her with little time for individuals.
Source: smh - 🏆 6. / 80 Read more »

Labor locked in battle over wages and business costs as another minister set to quitThe Prime Minister says small business would be crippled by Labor's push to force up wages if it wins the May federal election. 9News rubbish PM more like your worried the Opposition has you running scared when they prove you wrong and puts you out of the Big Chair nxt Election.
Source: 9NewsAUS - 🏆 10. / 72 Read more »