Business as usual won’t fix stagnant economy and wages

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The Jobs Summit needs a bold plan to remove regulatory barriers to market dynamism to give workers more jobs, more choice, and higher pay.

needs a credible plan to fix Australia’s stagnant economy if it is to make any meaningful progress in helping workers.

These results aren’t surprising, given the Australian economy has become less dynamic on so many metrics. Workers that switch to jobs that better match their skills get an 8 per cent pay bump on average. Switching to well-matched jobs gives a boost to reported mental health that is the equivalent of getting married .

We can help workers switch jobs by harmonising and reducing occupational licencing restrictions across jurisdictions, and reform inefficient taxes such as stamp duties to make it easier for people to relocate.

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Unions and business agree on need for higher wages as jobs summit loomsACTU and business council want to revive ‘key principles’ of controversial enterprise bargaining deal dumped years ago Poor old David Speers was totally lost as Jennifer Westacott and Sally McMannus agreed on nearly everything denying him any opportunity to adversarially put one against the other . Definitely hope for the nation , but thoroughly disappointing for Speers . Westacott & McMannus pointing out that apprentices aren’t finishing their trades because of the low pay rate . This occurs because apprentices are staying at school until Year 12 , when before apprentices started when 15 or after completing year 10 and still living at home.
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