Wage rises in private sector enterprise agreements remain marooned at 2.6%, while public sector increases have dropped back to recent trends, according to new Attorney-General's Department data that appears to confirm that the pandemic has accelerated the long-running decline in bargaining.
Bargained wage rises in the private sector show little sign of pushing towards the "materially higher" benchmark set by the RBA, growing at 2.6% for the second quarter in a row, while public sector bargaining collapsed.
The RBA is warning that wage growth won't be "materially higher" for at least three years, while Centre for Future Work analysis suggests that the proposed Omnibus Bill provision permitting approval of BOOT-failing agreements will further hamper any recovery in pay rises.
Bargained private sector wage rises recovered to near three-year highs in the March quarter, before they felt the effects of the coronavirus pandemic, according to the Attorney-General's Department.
Large numbers of retail employees covered by agreements approved in the second half of last year face wage freezes if employers succeed in their campaign for a coronavirus-driven pause in minimum pay rises such as that adopted during the GFC, new Attorney-General's Department data on bargained wage rises reveals.
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Bargained wage rises in the private sector dropped to 2.7% a year in the September quarter, according to newly-released Attorney-General's Department data that also shows some large retail employers are starting to tie increases to the FWC's annual review.
The "largely invisible" non-union agreements stream that has been a distinguishing feature of Australia's IR system for more than 25 years has been all but ignored in public and academic debates over the past decade, according to leading researchers.
Average wage increases in private sector agreements approved in the September quarter have reached 3% a year for the first time since 2016, according to Jobs Department data released today.
