A reduction in size and frequency of pay rises explains the recent historically-low growth in wage rates, according to new RBA research conducted in collaboration with the ABS.
Nearly half of all household services jobs are now part-time, fueling a trend that has seen part-time work increase more than threefold over the past 50 years, according to the RBA's latest quarterly Monetary Policy Statement.
New RBA research provides tentative confirmation that more flexible IR laws have enabled employers to ride out difficult times by adjusting their employees' hours rather than making them redundant.
IR barristers appointed to Federal Circuit Court; FWC member retires after almost 15 years; Wage rises lower in industries hit by resources downturn, says RBA; New FAAA leadership seeking to secure role in new Qantas aircraft; Agreement delivers wage justice for nurses, says Victorian Government; and Supermarket self-service hindering employment growth, says report.
Employers have told the Reserve Bank of Australia that workers appear willing to trade wage growth for greater job security, according to the institution's latest monetary policy statement.
