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Labor must decisively reject austerity in its policy outlook : Comments
By Tristan Ewins, published 18/2/2016The announcements on negative gearing and capital gains tax concessions will save tens of billions over the course of a decade, and will go some way towards redressing the Federal deficit.
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"though some workers are so industrially weak that solidarity through Secondary Boycott is perhaps the only way they could get a decent outcome through bargaining."
Australia's award system is designed so that people get a decent wage no matter how industrially weak they are. And our minimum wage is the highest in the world.
Secondary boycotts are a bad thing and should not be used anywhere!
Last time I said union criminality was 100% about greed. I realise that was slightly inaccurate: sometimes it's due to fear (as criminal gangs sometimes intimidate union staff). But it's NEVER EVER about protecting the interests of union members. Union criminality is always against the long term interests of union members, and usually against their short term interests too.
The falling wage share of the economy is not necessarily a bad thing, as it makes the economy more resilient to supply shocks. But some of the fall in the wage share is in any case unavoidable, as a greater proportion of wealth is in the form of intellectual property, much of which is in the hands of a few companies, so profit distribution is strongly skewed to the right. The average business is more profitable, but the median business may not be.
I'm against political strike action. We have democracy; we shouldn't try to subvert it.
Our industrial relations system should ensure that pattern bargaining is neither needed nor successful.
The reality is in the long term, wages depend far more on the strength of the economy than they do on the industrial relations system.