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Profit share of economy hits 50-year high

The share of the economy going to profits has hit the highest level since the ABS started keeping records in 1959, while the share allocated to wages has hit a new 43-year low, today's National Accounts data has revealed.


RBA says inflation to fall if wages stable; AIG urges care with dismissal code; and more

Inflation to fall if wages stay under control, says RBA; AIG urges care with Fair Dismissal Code; Blue Glue dispute in Federal Court on Friday; Correction to Fairfax article; Power unions seek answers from NSW Government; NSW teachers back further industrial action; Victorian family anti-discrimination laws take effect; and Politicians on the catwalk.


I'll be watching ABCC, says Cameron

Former AMWU national secretary Doug Cameron told the Senate in his maiden speech yesterday evening that the ABCC would be in his sights until its abolition in January 2010.



CPSU asks AIRC to enforce good faith in APS

The CPSU has asked the AIRC to prescribe good faith bargaining rules for the public sector, saying that numerous federal agencies - including the DEEWR - are failing to comply with new requirements to give employees the chance to opt for a union-negotiated agreement.




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