Emissions target will cut wages, ACTU told

Original article by Joe Kelly, Greg Brown
The Australian – Page: 4 : 15-Mar-19

Unions have criticised Energy Minister Angus Taylor after he warned them of the potential impact of Labor’s greenhouse gas policy on wages. Taylor has written to unions claiming that wages could be reduced by $9,000 under Labor’s proposed 45 per cent emissions reduction target. The Electrical Trades Union has accused Taylor of "rank political opportunism" in targeting its members shortly before a federal election. Meanwhile, Home Affairs Minister Peter Dutton says taxpayers’ funds should not be used to build new coal-fired power stations. He says this would result in less funding for infrastructure such as roads.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, ELECTRICAL TRADES UNION, ACTU, AUSTRALIA. DEPT OF HOME AFFAIRS, GETUP LIMITED, BAECONOMICS PTY LTD, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Lowest paid being in richest 20pc of households blunts wage-lift case

Original article by Matthew Cranston
The Australian Financial Review – Page: 4 : 13-Mar-19

Analysis of data from the Household, Income and Labour Dynamics in Australia (HILDA) survey shows that 13.8 per cent of the nation’s lowest-paid workers are living in the wealthiest 20 per cent of households. In contrast, 13.6 per cent of people on the lowest incomes are living in the poorest 20 per cent of households. The director of the HILDA Survey, Professor Mark Wooden, notes that many people on low incomes are secondary earners working in small business or the self-employed, particularly in wealthier households. He has also questioned the merits of a ‘living wage’, as advocated by Labor leader Bill Shorten.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA

Industrial umpire fair game for Labor wage push

Original article by Ben Packham
The Australian – Page: Online : 11-Mar-19

Opposition finance spokesman Jim Chalmers says Labor would "encourage" the Fair Work Commission to deliver a living wage for workers if it wins the next election. Finance Minister Mathias Cormann claims that Labor is guilty of falsehoods when it contends pushing up wages through the FWC would not lead to higher unemployment. The FWC is required by law to take into account various criteria when making its yearly minimum wage decisions; Labor has refused to state whether it would enact legislation to change this criteria, fearing an outcry from business.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE, MINERAL COUNCIL OF AUSTRALIA

Jail for employers exploiting workers

Original article by David Marin-Guzman
The Australian Financial Review – Page: 7 : 7-Mar-19

The federal goverment has expressed in-principle support for the 22 recommendations made in the report of the Migrant Workers’ Taskforce. The report found that many migrant workers are victims of wage exploitation, and recommended harsher penalties for underpayment. The government is set to announce criminal sanctions for "clear, deliberate and systemic" underpayment of works, despite opposition from employers’ groups. It also intends to establish a national labour-hire registration scheme covering industries where wage exploitation is widespread.

CORPORATES
AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, 7-ELEVEN STORES PTY LTD, AUSTRALIAN LABOR PARTY

Incomes to be weak for years: IMF

Original article by John Kehoe
The Australian Financial Review – Page: 1 & 4 : 26-Feb-19

The International Monetary Fund expects the Australian economy to grow by just 2.6 per cent in 2020, compared with the federal government’s forecast of three per cent growth. The IMF’s forecasts also show that growth in real incomes will average 0.3 per cent annually over the next six years, when adjusted for inflation. This compares with a long-term average of 1.8 per cent since the 1960s. Industry Super Australia’s chief economist Stephen Anthony says the IMF’s forecasts demonstrate the need for both sides of politics to put economic reform on their policy agenda.

CORPORATES
INTERNATIONAL MONETARY FUND, INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, DELOITTE ACCESS ECONOMICS PTY LTD, OUTLOOK ECONOMICS, RESERVE BANK OF AUSTRALIA, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Wage rises to arrest falling growth outlooks

Original article by Natasha Gillezeau, Matthew Cranston
The Australian Financial Review – Page: 9 : 14-Feb-19

BIS Oxford Economics recently downgraded its GDP growth forecast to 2.2 per cent, but the firm does not expect the Hayne royal commission to have much impact on the economy. Alexandra Heath, the Reserve Bank’s head of economics, says the labour market was more resilient in 2018 than the central bank had expected, and it is likely to remain strong in 2019. She says this should in turn lead to a gradual increase in wages. She adds that the downturn in the housing market is unlikely to have much impact on economic growth or consumer spending.

CORPORATES
BIS OXFORD ECONOMICS PTY LTD, RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

Which industries can expect pay rise in 2019

Original article by Lucas Baird
The Australian Financial Review – Page: 8 : 11-Jan-19

Information and communications technology is one of just three areas that 1st Executive director Andrew Thoseby says people wanting to change career paths to get a pay rise should switch to. He says the other two areas are insolvency accounting and sales. Executive headhunter Kylie Hammond is advising job applicants to seek out industries she describes as "recession-proof", including aged-care and health. Touchstone Executive Search MD Chris Kliengbeil does not expect much growth in fixed remuneration in the fast-moving consumer goods and retail sector in 2019.

CORPORATES
1ST EXECUTIVE PTY LTD, TOUCHSTONE EXECUTIVE SEARCH

ABC underpaid 2500 casual staff

Original article by Max Mason
The Australian Financial Review – Page: 8 : 11-Jan-19

The ABC will undertake a review into how it came to underpay around 2,500 casual employees over the last six years. The public broadcaster’s chief people officer Rebekah Donaldson says it has notified the Fair Work Commission about the issue, and that it is getting in contact with current and former casual employees who might have been affected. The underpayment error was brought to the ABC’s attention by the Community & Public Sector Union; the CPSU’s ABC section secretary Sinddy Ealy says it had been concerned for some time about the ABC’s over-reliance on and payment of casual staff.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. FAIR WORK COMMISSION, COMMUNITY AND PUBLIC SECTOR UNION, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, ACTU

Private sector wage rises hit two-year high

Original article by Ewin Hannan
The Australian – Page: 2 : 21-Dec-18

The federal government has released data showing that there was an average pay rise of three per cent for new enterprise agreements struck in the private sector during the September quarter. However, the average pay rise for existing private-sector agreements was just 2.7 per cent. The number of private-sector workers who are covered by enterprise agreements fell by 90,000 during the quarter. Meanwhile, the average pay rise for public sector workers was 3.4 per cent in the quarter.

CORPORATES
AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, ACTU

Slower wages growth pushes out RBA hike

Original article by Matthew Cranston
The Australian Financial Review – Page: 4 : 18-Dec-18

The May 2018 Budget had forecast wages growth of 2.75 per cent in 2018-19, but this has been pared back to 2.5 per cent in the mid-year budget update. Wages are also expected to increase by three per cent in 2019-20, compared with previous expectations of 3.25 per cent growth. Meanwhile, growth in household consumption is also expected to be lower than projected in 2018-19, while the unemployment rate is tipped to fall further than forecast. The lower wages growth outlook may affect the timing of any change in monetary policy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, DELOITTE ACCESS ECONOMICS PTY LTD, KPMG AUSTRALIA PTY LTD