The Albanese government wants to drive higher wage growth and says workplace reforms it introduced to parliament last week are the key. But a bid to give workers more power by restoring multi-employer bargaining has business groups and some Senate crossbenchers worried. #abc730
"The Productivity Commission put a report out a few months ago that said if you look back since 1900 ... 80 per cent of real wage growth has come as a result of productivity improvements, so the real question is how do we drive productivity?" – @TimReedBCA #abc730
"Profits will always be the more variable factor. If you look over the last three decades at the split between profits and wages, it's been pretty consistent across Australia." – @TimReedBCA #abc730
"If you move to a multi-employer system, what happens is you remove the flexibility for different workplaces to find solutions that will drive productivity in their workplace. Ultimately that means there'll be lower real wages." – @TimReedBCA #abc730
"We want to make sure businesses that use the current system well continue to do it. We want to make sure direct competitors aren't being dragged into universal outcomes." – @TimReedBCA #abc730
"We're very focused on engaging with the government to try and ensure that the next draft piece of legislation that comes forward incorporates the concerns that we have put forward." – @TimReedBCA #abc730
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