The union that represents cleaners, disability care workers and security guards is asking the FWC to "convene a special process" in the second half of the year to determine whether it can set a "medium-term target" for the minimum wage, to arrest what it says is a long-term downward trajectory.
Federal Court calling for IR lawyer feedback; Longest low wages growth since early '90s, says RBA; and SPC Ardmona workers win extra time to consider action.
At the National Reform Summit in Canberra today, the ACTU will urge the Turnbull Government to adopt measures to boost multifactor and capital productivity, arguing that labour productivity has been growing and "is not the problem".
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.
Delaying access to superannuation by two years is likely to boost mature age workforce participation by two percentage points, says a new Productivity Commission report.
