Fair Work: 5.75% Award Wage Boost will not cause “Wage-Price Spiral”
Today’s 5.75% award wage increase is a necessary boost for the lowest paid workers but does not keep pace with inflation. The Fair Work Commission (FWC) has today explicitly said this increase “will consequently not cause or contribute to any ‘wage price spiral’”. Key Points: Award wage increase of 5.75% is less than inflation, which
Profit-Price Spiral an Inconvenient Truth for Big Business: Economists
Despite a mainstream shift in the national conversation away from baseless claims of a “wage-price spiral”, some big business proponents and conservative economists appear unwilling to accept the economic evidence of a profit-price spiral.
Workplace Law Reform Must Limit Cancer of ‘Gig Work’ in Care Economy: Research
New research reveals the growth of ‘gig’ employment in the NDIS and care sector is undermining minimum employment conditions for tens of thousands of workers, with thousands of workers likely earning below-award wages, missing out on superannuation and experiencing inferior WHS protections and gender pay equality outcomes.
7% Minimum Wage Rise Would Tackle Inflation, not Feed it: Research
A 7% National Minimum Wage rise for low paid workers would help tackle the rising cost of living for those on award wages while having a virtually undetectable impact on economy-wide prices, new research from leading economists at the Centre for Future Work has found. The data comes as the Fair Work Commission deliberates about
Women Earn $1m less than men & $136,000 Less in Super over Working Life
New research released on International Women’s Day reveals Australian women earn $1.01m less over their working lives than men, based on median income data. Women earn $136,000 less in superannuation over their working lives than men, based on median income data. Women earning the median wage will accumulate approximately $393,676 in super, $151,000 below what
Profit-Price Spiral: Excess Profits Fuelling Inflation & Interest Rates, not Wages
New empirical research reveals the main driver for inflation in Australia is excess corporate profits, not wages, and that inflation would have stayed within the RBA target band if corporates had not squeezed consumers through the pandemic via excess price hikes. The dramatic expansion of business profits has gone mostly ignored by the RBA and
Carmichael Centre Announces Appointment of Prof. David Peetz as Laurie Carmichael Distinguished Research Fellow
The Carmichael Centre at the Australia Institute’s Centre for Future Work is proud to announce the appointment of Prof. David Peetz, one of Australia’s most outstanding labour policy experts, as the new Laurie Carmichael Distinguished Research Fellow. Prof. Emeritus Peetz has recently retired from a long career at Griffith University, where he served as Professor
Deal on IR Reforms Sets Stage for Faster Wage Growth
Industrial Relations Reform Sets Stage for Significant Acceleration of Wage Growth.
Australians Working 6 Weeks Unpaid Overtime, Costing Economy Over $92 Billion: Go Home on Time Day Report
New research shows Australian workers are on average working 6 weeks unpaid overtime per year, costing over $92 billion dollars in unpaid wages across the economy. The average worker is losing over $8,000 per year or $315 per fortnight due to what researchers have branded “time theft”. 23 November 2022 marks Go Home on Time
Restoring Collective Bargaining Coverage Would Boost Wage Growth: Research Report
Proposed reforms to Australia’s industrial relations laws are likely to support higher coverage for collective bargaining in the national labour market, and provide a boost to stagnant wage growth according to new research from the Centre for Future Work. The report reviews historical data on the erosion of collective bargaining in Australia, and its close
IR Reforms To Close Off The ‘Nuclear Option’ Will Protect Wages and Entitlements
New research from the Centre for Future Work quantifies the dramatic risks faced by workers whose employers unilaterally terminate enterprise agreements during the course of renegotiations. This aggressive employer strategy, which became common after a precedent-setting 2015 court decision, would be curtailed by new industrial relations legislation proposed by the Commonwealth Government.
The Reserve Bank needs to acknowledge the failures of the inflation target
A comprehensive review of inflation released today by the Australia Institute’s Centre for Future Work reveals that the inflation targeting in place since the early 1990s is not the neutral policy many assume it is. In that time inflation has missed the target more from below than above, and has coincided with a shift of national income away from workers to profits as wages have stagnated.
International Seafarers Suffer $65 Million in Wage Theft Annually in Australian Waters
Seafarers working on foreign-registered freight ships in Australian waters face regular theft of wages and other entitlements due to legal loopholes and lax enforcement of labour standards, according to a new research report published today by the Australia Institute’s Centre for Future Work. The report, titled Robbed At Sea, examines records of wage inspections conducted
Exit Poll: Overwhelming Majority of Australians Want Wage Growth in Line with Cost of Living
As the Fair Work Commission prepares to announce this year’s increase in the national minimum wage, new polling data shows that the vast majority of Australians support lifting wages to keep up with rising inflation. The Australia Institute conducted a special exit poll, surveying a nationally representative sample of 1,424 Australians on the evening of
Joseph E. Stiglitz Australian Speaking Tour: July 2022 ‘The Role of Government in the Modern Economy’
Nobel Laureate, former World Bank Chief Economist, and best-selling author Professor Joseph E. Stiglitz will visit Australia in July 2022 to discuss the need to expand the role of governments, unions, and civil society. The tour, hosted by the Australia Institute, will see Professor Stiglitz speak at a wide range of events for the general
One in Five Worked with COVID Symptoms; Sick Leave Entitlements Must Be Strengthened
Almost one in five Australians (and a higher proportion of young workers) acknowledge working with potential COVID symptoms over the course of the pandemic, according to new opinion research released today by the Australia Institute’s Centre for Future Work. The research confirms the public health dangers of Australia’s patchwork system of sick leave and related
Wages Will Continue to Lag Without Targeted Wage-Boosting Measures: New Report
A comprehensive review of Australian wage trends indicates that wage growth is likely to remain stuck at historically weak levels despite the dramatic disruptions experienced by the Australian labour market through the COVID-19 pandemic. The report finds that targeted policies to deliberately lift wages are needed to break free of the low-wage trajectory that has
Pandemic Workforce Crisis Requires TAFE Investment in Early Childhood Education to Boost Economy: Report
A new report has found pandemic workforce shortages should be tackled through investment in Early Childhood Education and Care (ECEC) to boost employment, unlock productivity and support life-long development outcomes for children.
Free Undergraduate Education to Save Universities and Jobs: Report
The next federal government can save universities, make undergraduate education free for all Australians and employ tens of thousands of staff securely by lifting the public spend on higher education to just one per cent of GDP, according to a landmark new report. The Australia Institute’s Centre For Future Work report shows, if the federal
Universal Public Early Child Education in Australia Would Pay For Itself: Research Report
Making Early Child Education and Care (ECEC) universal in Australia would pay for itself by unlocking women’s labour supply, boosting GDP and growing government revenues by billions, according to new research from the Australia Institute’s Centre for Future Work. With cost of living shaping up as a key election issue, policy experts say boosted funding would
New Research: Australia’s Skills System Continues to Crumble After COVID
Australia’s vocational education and training (VET) system shows growing signs of erosion, fragmentation and dysfunction, according to new research from the Australia Institute’s Centre for Future Work. The research reveals a grim picture of a VET system starved of consistent funding or focus, fragmenting into scattered offerings of non-accredited and ‘micro-credential’ courses, mostly provided by
Australia ready to become sustainable EV-making powerhouse: new research
A unique combination of advantages has handed Australia a historic chance to become a sustainable global manufacturer of electric vehicles – provided the federal government acts swiftly and decisively, according to new research by the Australia Institute’s Carmichael Centre.
As collective bargaining erodes in Australia, solutions from other countries could strengthen bargaining and lift wages
New research on international collective bargaining systems, released today in a special issue of the peer-reviewed journal, Labour and Industry, finds that Australia’s industrial relations system is rapidly losing its ability to support wages in the face of numerous challenges (now including the Omicron outbreak).
Victorian Rate Cap Policy Costs Economy Over 7,000 jobs and $890 million to GDP
The Victorian State Government’s policy to cap the rates of local government has cost the Victorian economy 7,425 direct and indirect jobs in 2021-22, and has reduced GDP by up to $890 million in 2021-22, according to new research from the Australia Institute’s Centre for Future Work. Key Findings The Victorian Government’s rate caps have
Eight free weeks: Time stolen from employees skyrockets during COVID
The number of hours stolen from Australians by employers has skyrocketed during the COVID-19 pandemic, with the average employee now providing eight full-time weeks of free work per year. 17 November 2021 marks Go Home on Time Day, run by the Australia Institute’s Centre for Future Work, and now in its thirteenth year. Key findings
Active Policy Measures Needed to Stop Decline of Journalism
The media and information industries have lost some 60,000 jobs in Australia over the last 15 years. With almost half of those jobs lost during the COVID-19 pandemic, new research shows active policy supports are urgently needed to stabilise and protect the ‘public good’ function of journalism. A new report by the Australia Institute’s Centre
Insecure Workers Have Been the ‘Shock Troops’ of the COVID-19 Pandemic: New Report
New research from the Australia Institute’s Centre for Future Work confirms that workers in casual and insecure jobs have borne the lion’s share of job losses during the COVID-19 pandemic – both the first lockdowns in 2020, and the more recent Delta-wave of closures. Key Findings: Since May, workers in casual and part-time jobs have
When the Show Cannot Go On: Rebooting Australia’s Arts & Entertainment Sector After COVID-19
New research from the Australia Institute’s Centre for Future Work, written by Senior Economist Alison Pennington and Monash University’s Ben Eltham, reveals the ongoing, devastating impact of COVID-19 on Australia’s arts and entertainment sector and provides a series of recommendations to government that would reboot the creative sector following the crisis. Key Findings: The arts
New Research: Commonwealth Can Afford $10b for Aged Care Recommendations
Implementing the recommendations of the Royal Commission into Aged Care Quality and Safety will require additional Commonwealth funding of at least $10 billion per year, and there are several revenue tools which the government could use to raise those funds, according to a new report on funding high-quality aged care released by the Australia Institute’s
Australia’s Electricity Infrastructure Undermined by $1 Billion Per Year Under Investment
The resilience of Australia’s electricity infrastructure is being undermined by a chronic pattern of underinvestment in maintenance and upkeep, the result of rent-seeking by private electricity producers and a deeply flawed regulatory system. That is the conclusion of a detailed review of empirical and qualitative data on the transmission and distribution system contained in a
Tanya Martin Executive Assistant
Jake Wishart Senior Media Adviser