Higher job mobility and labour hoarding might weigh on short-term labour productivity growth, but could also boost it in the long-term, the RBA says in new research.
Grattan Institute chief executive Danielle Wood is set to become the first female chair of the Productivity Commission, after Chris Barrett turned down the role.
The RBA is anticipating stronger wage growth for the rest of the year than it did a few months ago, thanks to the removal of states' wages caps, the FWC's substantial minimum pay ruling and the aged care work value rise.
In what might present another opportunity for the Albanese Government to deliver on its promise to rebalance the FWC, the Productivity Commission says it should empower the tribunal to conciliate and arbitrate gig workers' termination and payment disputes.
The Productivity Commission says a review of the Albanese Government's new multi-employer bargaining measures should consider amending the Competition and Consumer Act so the ACCC can play a role.
The Albanese Government is not attracted to "scorched earth" IR policies to address Australia's productivity challenges, Treasurer Jim Chalmers said today, ahead of tomorrow's tabling of the final report of the Productivity Commission's productivity inquiry.
Employers say the remuneration bill for workers with a disability covered by the Supported Employment Services Award might increase by up to 50% following variations that the FWC says will give them a "truly comprehensive range of fair minimum wages" for the first time.
The Productivity Commission has warned against "shoehorning" gig economy platform work into other employment categories, arguing it could jeopardise their benefits for consumers and workers.
In a shift in emphasis after calling for limits on pay rises to avoid a wage-price spiral, RBA Governor Philip Lowe today called for businesses to avoid using skyrocketing inflation "as cover" for increasing their profit margins.
The Productivity Commission says the workplace tribunal should have a "fast-track process" for early involvement in industrial disputes on the docks, while waterfront employers should have more options for taking their own protected action beyond lockouts.
