ANALYSIS: It is up to the chief industrial judge to avoid a wages-inflation spiral that could take years to bring under control.
Through nine, long years of a Coalition government that chipped away at his power, but could not entirely defeat him, Iain Ross waited for this moment.
Striking drivers from the Transport Workers’ Union in August 1974, when inflation drove large wage claims. “They are not an irresponsible group. I can’t recall any occasion since 1994 when the wage panel or its predecessors were confronted with a really significant spike in inflation.” Mark Wooden is an economist at at the Melbourne Institute of Applied Economic Research at Melbourne University.
“He will be major player in terms of his influence,” says a lawyer with direct knowledge of how the commission reaches decisions. “He will be grappling with this as an economist.”The commission does not have to implement the federal government’s recommendation, but can’t ignore it, either.verbal endorsement of a 5.1 per cent pay rise
Although he has not gone as far as business wants in the past, Ross has shown some flexibility. In 2017, he introduced modest changes to penalty rates designed to boost employment of people who work in shops, and serve food and drinks.
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