A UK proposal to cap wages at £100,000 ($180,000) to finance low- and middle-income-earners' increases is not the best way to redistribute incomes and lift living standards, according to the Centre for Future Work, which says that targeting soaring corporate profits is "more powerful".
Large numbers of retail employees covered by agreements approved in the second half of last year face wage freezes if employers succeed in their campaign for a coronavirus-driven pause in minimum pay rises such as that adopted during the GFC, new Attorney-General's Department data on bargained wage rises reveals.
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.
The ACTU has released a new paper which argues that most casual workers get nowhere near the 25% loading due to them, instead receiving a "modest wage premium" of 4% to 5% more than permanent employees.
The ACTU will today promote a blueprint for "deep structural reform" to improve the lot of working women, which includes axing the use of a "male comparator" that has delayed an equal pay case for early childhood teachers since 2013.