The ACTU has been accused of creating a “unions versus business” narrative by focusing on a “simplistic” view of workers’ falling share of income ahead of the jobs summit.
Business has accused unions of crafting an “us versus them” narrative by focusing on a “simplistic” view of workers’ falling share of income ahead of the upcoming federal jobs summit.wants employers to acknowledge lifting labour’s share of income as a key objective at the summitBut Business Council of Australia chief executive Jennifer Westacott cautioned that “demonising” profits risked deterring the investment that drives productivity and innovation, and allow wages to grow.
“And this problem is not just to do with the 2022 inflation spike. It will be beforehand and it will be afterwards. We’re going to have a worse standard of living for us and for our children if we don’t turn this around.”Energy Employer Association, said the ACTU were “gold medal contenders for simplistic media grabs”.
Australian Industry Group chief executive Innes Willox said business would welcome an “in-depth” treatment of the issues affecting shares of income.He said workers’ income related to housing was also included in total income, as were the share of profits earned by superannuation funds.“Australian employees receive income from both these sources,” Mr Willox said.
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