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Labour costs static, hours up: ABS

Unit labour costs have fallen for the second successive quarter as a small decline in hours worked still produced an annual increase of 7.1%, according to ABS national accounts data released today.

Put gig care worker protections in Act: Report

A new report recommends creating specific Fair Work Act protections for gig workers in the care sector and reforming the NDIS and aged care funding and regulation models that "reward businesses that avoid the costs and responsibilities of directly employing personal care and support workers".

Treasury assuming similar minimum rise to 2022 ruling

A senior Treasury Department official says the Federal Budget's forecast that inflation will drop back to 2% to 3% by mid-2025 assumes the FWC will make a minimum wage ruling that "broadly proxies" last year's increases.

Private sector pay growing at 3.8%: ABS

Private sector rates of pay increased to 3.8% annually in the March quarter, up from 3.6% in the previous three-month period, according to the ABS, but relatively weak public sector rises have restricted the economy-wide movement to 3.6% in trend terms, about half the rate of inflation.

FWC, public sector could increase risk of wage-price spiral: RBA

The RBA is continuing to warn about the dangers of a wage-price spiral, saying the chances of it have declined, but could rise again if the FWC awards a "large" minimum rise this year or government employers ease or drop pay caps.

PC proposes ACCC role in monitoring multi-deals effects

The Productivity Commission says a review of the Albanese Government's new multi-employer bargaining measures should consider amending the Competition and Consumer Act so the ACCC can play a role.

Strip back modern awards goal, says PC

The Productivity Commission has today recommended the Albanese Government strip back the modern awards objective to seven points and establish an independent dispute resolution mechanism within the FWC for platform workers.

Labor won't adopt "scorched earth" IR policies: Chalmers

The Albanese Government is not attracted to "scorched earth" IR policies to address Australia's productivity challenges, Treasurer Jim Chalmers said today, ahead of tomorrow's tabling of the final report of the Productivity Commission's productivity inquiry.

Early super access cut retirement balance by $120K: Study

The one in every six workers who took up the Morrison Government's invitation to withdraw their super during the pandemic mostly took the maximum $20,000 or their whole account balance, tended to spend the windfall on gambling and consumer items, and cut their retirement income by $120,000 in today's dollars, according to a new academic study.

Structural, counting factors holding down wage growth: Analysis

Multi-year enterprise agreements, flaws in the "standard" Wage Price Index measure and public sector pay caps partially explain recent low wages growth, which would otherwise have been up to one percentage point higher last year, according to new university analysis.