FULL INTERVIEW: YourMoneyAus host peterswitzer has weighed in on AustralianLabor leader billshortenmp's 'referendum on wages', saying it is a 'trade-off' between having a bigger pay package or a higher employment rate.
FULL INTERVIEW: Your Money host Peter Switzer has weighed in on Labor leader Bill Shorten's 'referendum on wages', saying it is a 'trade-off' between having a bigger pay package or a higher employment rate.
Mr Switzer says 'wages are being paid out, albeit at a lower level' highlighting that wages per person aren't going up at the level 'most people want' because of high employment rates. The latest figures indicate Australia's unemployment rate is remaining steady at 5 per cent, its lowest level since mid-2011.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Brief: Boosting minimum raise 'will increase' unemployment | Sky News AustraliaThe Financial Review's John Kehoe says Labor's pledge to increase the minimum wage will drive up unemployment.\n\nOpposition leader Bill Shorten has signalled plans to overhaul wage rules if he wins the upcoming federal election, saying that he will urge the Fair Work Commission to boost the minimum wage.\n\nThe Australian Council of Trade Unions is advocating for a six per cent increase of the minimum wage from $719.20 to $762.20.\n\nMr Kehoe told Sky News that increasing the minimum wage 'by a significant amount' will make it harder for businesses to employ more people, thus increasing unemployment.\n\n\n
Read more »
Shorten playing a ‘dangerous double game’ on wages | Sky News AustraliaEditor-at-Large of The Australian Paul Kelly says Labor leader Bill Shorten is playing a ‘dangerous double game’ when it comes to wages.\n\nThis week Labor handed a submission over to the Fair Work Commission urging it to give an above-inflation increase to the 2.2 million Australians on the minimum wage.\n\nHowever, Mr Shorten stopped short of supporting a $43-a-week increase to the minimum wage, a position advocated by the Australian Council of Trade Unions.\n\nMr Kelly told Sky News the Labor leader is attempting to advocate that he will look after wages ‘while also being a sensible Labor PM who won't wreck the joint.'\n\n\n\n
Read more »
Wage increases could lead to mass job losses: Westacott | Sky News AustraliaFULL INTERVIEW: Business council of Australia’s Jennifer Westacott says politicians need to consider economy carefully before increasing the minimum wage. \n\nOpposition leader Bill Shorten has signalled plans to increase the minimum wage if he wins the upcoming federal election. \n\nMs Westacott has told Sky News political editor David Speers that increasing the minimum wage could lead to mass job losses if the economy is not performing well. \n\nShe says it's more important to 'skill people up' and increase productivity across the economy, because 'when productivity increases, wages go up'. \n\n\n\n\n
Read more »
Shorten wage plan is economically illiterate: Tim Wilson | Sky News AustraliaFULL INTERVIEW: Liberal MP Tim Wilson says Bill Shorten’s wage growth plan demonstrates the Labor leader is ‘economically illiterate.’\n\nMr Shorten has signalled plans to overhaul wage rules if he wins the upcoming federal election, saying that he will urge the Fair Work Commission to boost the minimum wage.\n\nThe Australian Council of Trade Unions is advocating for a six per cent increase of the minimum weekly wage from $719.20 to $762.20, a position Shorten is yet to endorse.\n\nMr Wilson has told Sky News Labor’s plan is ‘unsustainable.’\n\nHe says the only way to grow wages is to ‘boost employment and productivity.’\n\n
Read more »
Shorten considering minimum wage boost | Sky News AustraliaOpposition leader Bill Shorten has signalled plans to overhaul wage rules if he wins the upcoming federal election.\n\nThe Labor leader has not ruled out encouraging the Fair Work Commission to boost the minimum wage, arguing current wage laws are outdated.\n\nUnions are calling for a steeper increase, with the Australian Council of Trade Unions advocating for a six per cent increase of the minimum wage from $719.20 to $762.20.\n\nPrime Minister Scott Morrison has criticised the plan, claiming it will force employers to 'sack people in order to give other people dollars.'\n\n\n\n\n\n
Read more »
Shorten to push for 'living wage' if elected | Sky News AustraliaOpposition leader Bill Shorten has signalled plans to overhaul wage rules if he wins the upcoming federal election.\n\nMr Shorten's decision comes amid growing union pressures to introduce a 'living wage', defined as 60 per cent of the median wage.\n\nHe has said he wants to encourage the Fair Work Commission to boost the minimum wage, arguing current wage laws are outdated.\n\nBusinesses have criticised the plan, saying one person's pay increase would come at the cost of another person's job.\n\n\nImage: News Corp Australia\n\n\n\n\n
Read more »
Bill Shorten flags push to increase living wages | Sky News AustraliaLabor could potentially change laws to influence the minimum wage set by the Fair Work Commission, if it wins the next federal election.\n\nBill Shorten has attacked the Coalition who argue an increase in the minimum wage would drive up unemployment.\n\nHe says he trusts the Fair Work Commission, ‘but periodically they get it wrong’. \n\nThe Australian Chamber of Commerce and Industry has warned Labor against compromising the independence of the Fair Work Commission.\n\n\n\n\n\n\n\n\n
Read more »
Labor push for higher minimum wage ignores ‘decades of economic history’: Cormann | Sky News AustraliaMathias Cormann is ramping up his attack on Labor's push to boost the minimum wage, saying ‘decades of economic history’ show that doing so would force 'families into unemployment and poverty’.\n\nIt comes as Labor is set to make a case to the Fair Work Commission to award an above-inflation minimum wage increase to low-paid workers.\n\nThe Finance Minister says if the minimum wage is increased by too much, workers will be receiving the dole rather than wages as Labor's policy will lead to higher unemployment.\n\nMr Cormann points out that Australia already has the third highest minimum wage in the world, behind Luxembourg and France.\n\n\n\n\n\n\n
Read more »
Coalition 'devoid' of wage policy: Keneally | Sky News AustraliaLabor senator Kristina Keneally says working Australians are suffering because the Coalition is ‘devoid’ of a wages policy.\n\nThe comments come as Labor handed a submission over to the the Fair Work Commission urging it to give an above-inflation increase to the 2.2 million Australians on the minimum wage.\n\nPrime Minister Scott Morrison has slammed the submission, saying a significant increase to wages will ‘cost Australian jobs.’\n\nOn Friday, Former ACTU secretary Bill Kelty warned Labor any boost in wages must be linked to productivity or there will be a ‘cost spike’ to the economy.\n\nMs Keneally told Sky News despite its rhetoric, the government is doing nothing for low paid workers who are falling ‘further and further behind’ the rest of society.\n\n\n\n
Read more »
Education and small business the focus ahead of NSW state election | Sky News AustraliaWith 11 days until polls open in New South Wales, education and small business are the focus of the election campaign. \n\nState Labor Party leader Michael Daley has pledged $7.4 billion to rebuild 204 schools across the state, if successful at the March election. \n\nMeanwhile, Premier Gladys Berejiklian has announced a package for small businesses including better insurance premiums, deals on energy bills and payroll tax cuts. \n\nIt comes as an exclusive Newspoll conducted for The Australian has revealed the Coalition and Labor are dead-locked at 50-50 two-party preferred.\n\nImage: News Corp Australia \n\n\n\n\n
Read more »