Original article by Michael Roddan
The Australian – Page: 1 & 4 : 16-Jul-19
Analysis by the Treasury suggests that the reluctance of workers to leave unproductive companies has been a major contributor to Australia’s low wages growth. Treasury’s deputy secretary Meghan Quinn says the research shows that there is a link between the frequency of job switching and higher real wages, including for people who stay in their existing job. The national rate of job-switching is now about eight per cent, compared with 11 per cent in the early 2000s.
AUSTRALIA. DEPT OF THE TREASURY, ECONOMIC SOCIETY OF AUSTRALIA, AUSTRALIA. PRODUCTIVITY COMMISSION, RESERVE BANK OF AUSTRALIA