The body charged with reviewing the Fair Work Act has suggested that centralised wage-setting under awards might hamper the effectiveness of market signals and lead to artificially inflated pay rates, in a recently-released report on labour mobility in Australia.
Labour productivity in the private sector increased by 2% in the 12 months to July, just below the 30-year average of 2.2%, according to new data released today by the Productivity Commission.
A likely shortage of experienced, skilled supervisory and operational workers in the resources sector could reduce productivity and safety as the industry moves from a construction to operational phase, a new report has warned.
