Wages growth in Australia was lower than expected prior to COVID-19 based on historical determinants. One possible explanation for this is that employment had become more concentrated among a small number of large employers. This reduced outside options for workers and lowered their bargaining power and wages. This paper examines concentration in Australian labour markets and its impacts on wages
using a large and representative database derived from administrative tax data. Labour
markets have not, on average, become more concentrated over time. However, the impact of
any given level of concentration has increased since the 2010s. This may help explain
surprisingly low wages growth pre-COVID, despite labour market concentration having
remained constant. Simple back-of-the-envelope estimates suggest that the greater impact
of concentration may have lowered wages by a little under 1 per cent on average between
2011 and 2015. Declining firm entry and dynamism appear to have contributed to the increased impact of
concentration, and lower wages growth, by lowering competition for labour among
incumbent firms.
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The Australian Banking Association is refusing to answer questions over a breach of the Code of Practice pertaining to access for the disabled. read now..."It amuses us. That's all"
From the “you cannot make this shit up files” Here’s that story: When members of the House Judiciary Committee convened for their first meeting of the year last week, the new Republican majority instituted a change in procedure: Before every hearing, everyone in the room would recite the Pledge of Allegiance. The honor of leading thefirst pledge was given to Corey Beekman, a U.S. Army National Guard combat veteran who traveled to Capitol Hill at the invitation of his congressman, Rep. Matt Gaetz (R-FL). “It is my pleasure and distinct honor to introduce to the committee Staff Sergeant Corey Ryan Beekman, an American hero and a constituent of mine residing in Pensacola, Florida,” Gaetz said. He praised Beekman’s 16 years of military service, his Purple Heart award, and his position on the board of a local gun club. For Gaetz, who was seeking to spearhead the GOP’s show of patriotism and invite a fight with Democrats, Beekman was a picture-perfect symbol. There was just one thing that Gaetz didn’t mention in his glowing introduction: Beekman is an accused murderer yet to face his day in court.
Starmeroids block another popular local candidate – in favour of parachuted Blairites Two entire Labour committees have resigned after yet another candidate selection stitch-up by Keir Starmer and his drones in the Labour party. Local favourite Greg Marshall – backed by figures from a wide spectrum of the party – tweeted news that the party […]
"Look at my omni-channel thought-leadership ideation solution"
Systemically corrupt capitalism Evan Jones Capitalism has been analysed to death in academia and elsewhere. Thus we know that capitalism is structurally conducive to exploitation,…
The post Systemically corrupt capitalism first appeared on Economic Reform Australia.You can understand why these people would believe they can get away with this level of lying. Look at Donald Trump? He has lied about virtually everything in his life and he’s beloved by most of the Republican party. Freshman Republican Rep. Andy Ogles (TN) says he’s a trained economist, but in reality, he only took one community college course on the subject—and he got a C, a transcript obtained by NewsChannel 5 in Nashville revealed. Ogles’ congressional bio says he graduated from Middle Tennessee State University, “where he studied policy and economics.” However, a resume he used in 2009 said he got a degree in international relations, with no mention of economics. But both claims were false, according to the transcript, which Ogles had tried to keep sealed. Ogles actually majored in liberal studies. The congressman also enrolled in classes titled U.S. Presidency, Problems in Government, Political Theory and National Security Policy—failing all of them twice, once in 1995 and again in 1998. It took Ogles 17 years to attain his degree, graduating in 2007 with a 2.4 GPA, NewsChannel 5 reported.
Helen Marks and Rica Bird take BBC to task in letter to Guardian Two Liverpool pensioners smeared by a right-wing Labour staffer on the BBC’s Panorama in 2019 have shot back after the programme-makers claimed they had asked the staffer whether he came from Israel, despite their recording of the incident showing otherwise. The pair […]
The Beltway newsletter is running ads about the railroad industry’s alleged commitment to safety as rail lobbyists fight new safety rules.
The former PM and all the architects of this unlawful scheme which drove thousands to despair and suicide must face consequences for their part in Robodebt. read now...
A research team is developing the next generation of autonomous sensors, technology that will keep military applications one step ahead. read now...Why don’t all “those people” appreciate it? Jon Schwarz gives us a reminder of how ungrateful those subjugated by white people are. They just don’t know how good they have it: WEDNESDAY’S PECULIAR YOUTUBE remarks by “Dilbert” cartoonist Scott Adams about Black Americans being a “hate group” have certainly received a lot of attention. Hundreds of newspapers across the U.S. have now dropped Adams’s strip. What’s gotten almost no notice, however, is how Adams went on at length about his efforts to be “helpful to Black America.” But my ears perked up when I heard this, since the most berserk racial ultraviolence in U.S. history has always been accompanied by this kind of rhetoric from white Americans — i.e., we’ve done our best to help others, only for them to turn around and loathe us rather than respond with the gratitude we deserve for our openhearted kindness.
It is over ten years since I allowed a guest post on this blog. This is because I never listen to anybody except myself. That way I avoid hearing anything disagreeable. (Those last two sentences are a joke, deliberately in the style of Jane Austen. Of course it ruins the joke to explain it, but […]
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New York Gov. Kathy Hochul calls for new rail safety regulations — after rejecting legislation requiring trains to be staffed with at least two crew members.
A chemist and educational activist on helping Black girls believe in themselves.
The post Cultivating Joy in Science appeared first on Nautilus.
On the dereliction of key US-based business corporations to take the lead in making the investments in organizational learning required to generate cutting-edge communication-infrastructure products.