I have a new post at the Chifley Research Centre on the recent decision to hold the real minimum wage constant. Please read it!
This is a fucking outrage. Fair Work Australia should hang its head in shame. An absolute abdication of its role. Raise the minimum wage now!
Well done on preparing this, as always.
This is pretty slack! The “Aussie spirit” is often said to be a “fair go” for all. So why does our system continue to stretch the divide? I think we should be careful though, to balance the wealth/income transfer. How much of the average is impacted by those “making-it-big” and increasing their income, where the median is not advancing as rapidly? Still, it is a striking contrast to see the average steaming ahead (where’s my cut?).
keep it up Matt. Have you in twice and this is easily one of the best blogs to read!
Interesting essay. I think I’m less hopeful than you are about the capacity of policy to lift incomes at the bottom in any meaningful way, at least while our tax system is so inefficient. Agree about coming fiscal pressures from this trend.
Yes I find the decision a little baffling. Whether one agreed with the AFPC or not, it wasn’t a great surprise to see them pull back on the ‘minimum wage bite’. But I’m surprised that FWA are pulling it back even further.
Sorry FWC – old habits …
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