The push against wage rises has begun again – it’s an argument for Australia’s poorest workers to become poorer | Greg Jericho
The push against wage rises has begun again – it’s an argument for Australia’s poorest workers to become poorer | Greg Jericho
A 5% rise in award and minimum wages is pretty modest and won’t set fire to inflation or cause interest rates to stay high
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The thing is, businesses have a vested interest against wage growth, as wage growth is directly and totally incompatible with annual record profits - wage growth would eat into that.
Put simply, it's a conflict of interest. If people with conflicts of interest ceased to be allowed to participate in conversations wherein they have that conflict, the world would be a better place.
But commerce requires people to be able to purchase things. This is not possible if the people don’t have any free income.