RBA Governor Philip Lowe today used a House committee public hearing to restate his view that Australia's recent record of negligable wage growth may be nearing an end, suggesting that an improving local outlook amid a rebounding global economy would see increased pressure on employers to share the proceeds.
Responsibility for gender equity strategies should be partially devolved from centralised HR departments to line managers, and training to combat "unconscious bias" in selection processes should be mandated for supervisors and managers, according to a new report on barriers to women's career advancement in higher education.
In its annual review of the IR landscape, a major employment law firm concedes that while the Turnbull Government's workplace reform agenda may not be fully enacted in this parliamentary term, plans to crack down on worker exploitation have a good prospect of success.
The Productivity Commission has canvassed the "radical" option of providing a "universal basic income" to redistribute wealth as a response to digital disruption of the economy.
IR barristers appointed to Federal Circuit Court; FWC member retires after almost 15 years; Wage rises lower in industries hit by resources downturn, says RBA; New FAAA leadership seeking to secure role in new Qantas aircraft; Agreement delivers wage justice for nurses, says Victorian Government; and Supermarket self-service hindering employment growth, says report.
At the National Reform Summit in Canberra today, the ACTU will urge the Turnbull Government to adopt measures to boost multifactor and capital productivity, arguing that labour productivity has been growing and "is not the problem".
A full shutdown of BlueScope Steel's operation in Port Kembla would double the local unemployment rate to above 15% and deliver a $3.3 billion economic hit, according to a study commissioned by the AWU.
Workers on the Gorgon LNG project will begin voting on Wednesday on whether to take industrial action to push head contractor CB&I to offer shorter roster cycles, at the same time as parliamentary inquiries in WA and Queensland have weighed-up whether new regulations are needed for non-residential workforces.
Forty years from now, Australia's ageing population will have reduced the country's total workforce participation rate to 62%, income growth will have slowed, and the average annual wage will be $117,300, according to the Treasury's latest long-term forecast, released today.
