Perhaps workers should share in the executive pay bonanza

Original article by Adam Creighton
The Australian – Page: Online : 30-Dec-19

Restoring income growth for the majority of Australians is one of the key political and economic challenges for 2020. Median disposable income in 2017 was less than it was in 2009, according to the Melbourne Institute’s Household, Income and Labour Dynamics in Australia (HILDA) survey. The HILDA figures for 2019 are not available as yet, but private sector wages have increased by around one per cent in real terms since late 2017. One way to increase higher disposable incomes could involve governments changing corporate rules so that companies pay higher wages and invest more, rather than buy back shares and pay executive bonuses. It could be made a requirement that big companies have a certain number of employee representatives on their boards. Interviewing for the HILDA survey is conducted by Roy Morgan.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, ROY MORGAN LIMITED

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