Resources minister says project agreements worth considering; Workers have "right to know" how transition from fossil fuels will be managed, says Burrow; Public and private sector IT professionals' pay rises "diverging"; and Queensland Parliament rejects LNP bid to reverse entry rules.
Hourly rates of pay excluding bonuses in the private sector are increasing at a record low of 2.2% a year in trend terms, according to the ABS Wage Price Index, released today.
Wage growth in private sector federal agreements approved by the FWC in the March quarter dropped to the lowest level since 1991, according to the Department of Employment.
The Abbott Government has urged the Fair Work Commission to take a "cautious approach" in this year's minimum wage review due to below-trend GDP growth and a slower than expected recovery in non-mining sectors, while the ACTU says the small business measures in the Budget "dramatically improve the affordability" of pay rises in the award-reliant sector.
In his second major backdown on Australian Defence Force personnel pay and conditions, Prime Minister Tony Abbott has bumped up from 1.5% to an above-inflation 2% the annual wage increases payable under their three-year agreement.
Relying on improved economic and labour market conditions, the UK's Low Pay Commission has recommended that the Cameron Government increase Britain's minimum wage by 3%, well in excess of the forecast inflation rate.
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.
