The ACTU has resisted employer arguments to delay any rise in minimum pay, while it has accepted that the annual wage review timetable should be amended to enable the expert panel to consider national accounts data that is likely to identify the early economic effects of the coronavirus pandemic.
Bargained wage rises in the private sector dropped to 2.7% a year in the September quarter, according to newly-released Attorney-General's Department data that also shows some large retail employers are starting to tie increases to the FWC's annual review.
Workers' wages will continue to grow at about 2.2%, similar to the current WPI, partly because the forthcoming 0.5 percentage point rise in compulsory super payments will be mostly funded by forgone pay rises, according to the RBA.
A tribunal has ruled against UFU Victorian branch and national secretary Peter Marshall in a dispute over defined benefit superannuation that could have added about $1 million to his retirement benefits.
The "near disappearance" of industrial action over recent decades is strongly correlated with the "deceleration" of wages growth, according to the new analysis released by the Centre for Future Work just days after the FWC halted the planned Sydney train strike.