Everyone ought to celebrate when those at the bottom get higher wages. The typical American worker hasn’t had a real raise in four decades. Income inequality is out of control. Wealth inequality is into the stratosphere (where Jeff Bezos is heading, apparently). If wages at the bottom rise because employers need to pay more to get the workers they need, that’s not a problem. It’s a victory. Instead of complaining about a so-called “labor shortage,” Republicans ought to be complaining about the shortage of jobs paying a living wage. But don’t hold your breath,
Source: Burrito Economics | The Smirking Chimp
The Fair Work Commission must reject calls for “wage restraint” from the business lobby at a time when many are banking record profits – with some even pocketing Jobkeeper allowances – at the expense of struggling workers. Emma Dawson reports.
Source: Suppressing wages is economic vandalism in the current climate
The current blizzard of stories about a “worker shortage” across the U.S. may seem as though it’s about this peculiar moment, as the pandemic fades. Restaurants in Washington, D.C., contend that they’re suffering from a staffing “crisis.” The hospitality industry in Massachusetts says it’s experiencing the same disaster. The governor of Montana plans to cancel coronavirus-related additional unemployment benefits funded by the federal government, and the cries of business owners are being heard in the White House. In reality, though, this should be understood as the latest iteration of a question that’s plagued the owning class for centuries: How can they get everyone to do awful jobs for them for awful pay?
Source: You Must Work or Die: The Long History of “Worker Shortages”
Agricultural bosses and their allies are accusing Australians of being work-shy as they face a post-pandemic labor shortage. But it’s low wages and abusive working conditions that make it hard for them to find workers. The solution is obvious: decent pay for decent work.
Source: Australian Agricultural Bosses Can’t Find Workers. Maybe They Should Try Paying More.
Employers claim the system is too complex, but others say the problem is that the rewards of ripping off staff outweigh the risks
via ‘They’re madly checking their payrolls’: the ugly truth of Australia’s underpayment epidemic | Australia news | The Guardian
Welfare and Wages falling behind and the government claim all is well (ODT)
With wages stagnating and the cost of living continuing to balloon, the Government remains silent in the face of this crisis, writes William Olson.
via ‘A wages crisis’: The Coalition Government is shirking its duty
THE WAGES SLUMP the Abbott Government plunged Australia into back in 2014 is now firmly entrenched. More than five years after the first failed budget by disgraced former Coalition Treasurer, Joe Hockey, workers’ wages are increasing at the lowest rates since records have been kept. It is unlikely there has been a worse period in Australia’s history for workers receiving a fair share of the nation’s vast wealth.
This dismal news emerged from the quarterly wages figures released by the Australian Bureau of Statistics (ABS) last Wednesday.
Tradingeconomics.com has data on wage growth for 30 developed countries, current to March or June this year for most. The average rise after allowing for inflation is 2.27%.
Australia’s puny 0.82% ranks a dismal 21st out of those 30 countries. Down in the bottom one third.
This is the time when workers should be earning a fair share of the nation’s vast wealth and investing in homes for now and superannuation for the future. The nation should be investing in the quality of life for all citizens now – especially those doing it tough – and in infrastructure for the future.
It seems the rich foreign controllers of the Coalition parties have decided to grasp as much as they can while they can and to hell with the Australian people. Because eventually, surely, one day, citizens must wake up to what is going on and call a halt.
It laughs at Treasurer Josh Frydenberg’s claim in the April budget – and Scott Morrison’s claim in the election campaign – to have returned the economy to “strong growth”, which will roll on for a decade without missing a beat.
Why is the immediate outlook for the economy so weak and uncertain? Not primarily because of any great threat from abroad – though a flare-up in Donald Trump’s trade war with China could certainly make things worse – but primarily because of one big and well-known problem inside our economy: five years of weak growth in wages.
via After the hype, our economy’s grim reality setting in
Universities have become institutions whose primary aim is to make money, in particular by attracting more high paying overseas students than their competitors and cutting back on labor costs of both academic staff and support services.
Source: Universities increase profits at low-paid workers’ expense
Over recent decades in Australia union membership has fallen from 40% of the workforce in 1990 to 15% in 2016 and so unions might seem less relevant in making a difference to what we earn. But our research finds that union members do earn higher wages per hour than non-union members.
via Why union members earn higher wages than their non-union colleagues
ACTU secretary Sally McManus has a surprising ally in one of the world’s most powerful bankers in her fight against pay cuts
Source: JPMorgan boss says depressing wages for low-paid workers is not good for business – ABC News (Australian Broadcasting Corporation)
It’s time Australia stops profiting from the free labour of Aboriginal people, writes Celeste Liddle.
Source: The stolen wages that continue to hold indigenous Australians back
If the China-Australia free trade agreement proceeds without labour market protections, the Turnbull government will “effectively surrender autonomy over its migration laws” and invite a wave of Chinese workers into Australia, driving down local wages and conditions, a new report has found.
Source: China free trade agreement to invite wave of Chinese workers, drive down wages: report