The results of the collapse of the single employer bargaining system appear on my desk each week. Individual employment contracts prepared by major corporations and their lawyers and signed en masse by their employees. There is no bargaining, no negotiation. And unless you’re Alan Joyce or another CEO represented by the Business Council of Australia, no real wage increase
. And as we now recognise, the collapse of single employer bargaining and the ascendancy of employment contracts has produced a decade of wage stagnation. Absent a functional collective bargaining system, the labour market reverts to no bargaining and no real wage increases.