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IR reforms herald prosperity : Comments
By Paul Gollan, published 30/9/2005Paul Gollan argues the success of the IR reforms will be based on employees' perception of them.
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THe nfair dismissal changes are simply a power shifting mechanism; no employer group or employer has - contrary to the cliams by the Minister or the PM - claimed that the changes will bring about employment growth.
No employer group has claimed that the changes will give rise to increased profitabiltiy per se; they might generate more profits as condiitons are compromised but they do nothing to enhanve productivity.
Far from being revolutionary as they are claimmed they are in fact retrograde. These starry eyed economists need to take a reality check. If the fiar wage Commission looks to profts as a sign post to wage adjustments employees should expect a windfall - but I cant see that happening
Claims of falling prosperity in this country are usuially linked to poor business planning associated with a failure to invest.
Some economist insist on looking to China and India as competetive benchmarks - wage points we will never match - although there are some employers who yearn for the day we do -.