No silver bullet for wages growth, but there are solutions

The Labor Party has described this election as “A referendum on wages”. The Australian Council of Trade Unions, under its “Change the Rules” campaign, argues that the workplace relations system is biased in favour of employers’ who are choosing to keep wages low and taking this labour share in the form of corporate profits. The solution, we are told, is further regulation and to increase union rights and bargaining power so that unions can extract better wage deals.

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