Commentary

Governments shouldn’t be so hasty in declaring victory on wages policy

15 Feb 2018
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Interestingly, the long term trend in wages policy is that Labor tends to adopt formal policies (as it is now doing) only to see wages fall under its stewardship, while the Coalition, by contrast, tends not to believe in wages policies, although under them wages tend to rise.

This may say something about the efficacy of declaring solutions to our wages woes versus adapting to various market signals and circumstances.

Paradoxically, wages have collapsed under Prime Minister Malcolm Turnbull not necessarily for anything he has done or not done; but fixing it and ameliorating the pain is today’s pressing issue.

Read the full article on The Conversation.

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Language: 
English
License Type: 
CC BY-ND
Published year only: 
2018
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