|
|
|
SECTION 1: COMMONWEALTH POSITION
|
1
|
|
|
Introduction
|
1
|
|
|
Grounds for position
|
1
|
|
|
Position in this case
|
3
|
|
|
Timing of SNR
|
4
|
|
|
Submission by State and Territory Governments
|
4
|
|
|
Submission by the Disability Employment Action Centre and the National Council for the Intellectual Disability (DEAC/NCID)
|
5
|
|
|
Protecting the low paid
|
5
|
|
|
Conclusion
|
6
|
|
|
|
|
SECTION 2: ECONOMIC OUTLOOK
|
9
|
|
|
Introduction
|
9
|
|
|
Domestic forecast
|
9
|
|
|
Outlook for the world economy
|
10
|
|
|
Key risks to the economic outlook
|
10
|
|
|
Company Profits
|
12
|
|
|
Profit and Wages Share
|
14
|
|
|
Conclusion
|
16
|
|
|
|
|
SECTION 3: WAGES DEVELOPMENTS
|
17
|
|
|
Introduction
|
17
|
|
|
Aggregate wages growth
|
17
|
|
|
Wage Cost Index
|
20
|
|
|
Federal certified agreements
|
20
|
|
|
Executive remuneration
|
21
|
|
|
Wage dispersion
|
22
|
|
|
Changes in the value of the FMW and C10
|
25
|
|
|
Workplace agreements
|
28
|
|
|
Wage increases under awards and agreements
|
34
|
|
|
Conclusion
|
37
|
|
|
|
|
SECTION 4: PRODUCTIVITY AND WORKPLACE BARGAINING
|
39
|
|
|
Introduction
|
39
|
|
|
Productivity growth in award-reliant industries
|
40
|
|
|
Workplace bargaining
|
47
|
|
|
Impact on labour costs
|
50
|
|
|
Distribution of productivity gains.
|
52
|
|
|
Conclusion
|
54
|
|
|
|
|
SECTION 5: IMPACT ON EMPLOYMENT
|
55
|
|
|
Introduction
|
55
|
|
|
Cost of the claim
|
55
|
|
|
Research
|
56
|
|
|
Inequality and the minimum wage.
|
60
|
|
|
Sectoral Impact
|
63
|
|
|
Conclusion
|
66
|
|
|
|
|
SECTION 6: LIVING STANDARDS
|
67
|
|
|
Introduction
|
67
|
|
|
Budget standards
|
67
|
|
|
Household income
|
68
|
|
|
Tax Cuts
|
70
|
|
|
Conclusion
|
71
|
|
|
|
|
Appendix A Regression Results
|
73
|
|
|
|
Section 1: Commonwealth Position
|
1
|
|
|
Introduction
|
1
|
|
|
Reply
|
1
|
|
|
Conclusion
|
2
|
Section 2: Economic Outlook
|
3
|
|
|
Introduction
|
3
|
|
|
Economic updates
|
3
|
|
|
Company profits
|
3
|
|
|
Conclusion
|
6
|
Section 3: Wages Developments
|
7
|
|
|
Introduction
|
7
|
|
|
Recent developments
|
7
|
|
|
Workplace agreements
|
8
|
|
|
Living standards and the WCI
|
9
|
|
|
Real value of the Federal Minimum Wage
|
9
|
|
|
Conclusion
|
11
|
Section 4: Productivity And Workplace Bargaining
|
12
|
|
|
Introduction
|
12
|
|
|
Productivity growth in award-reliant industries
|
12
|
|
|
Impact on labour costs
|
15
|
|
|
Distribution of productivity gains
|
16
|
|
|
Conclusion
|
16
|
Section 5: Impact On Employment
|
17
|
|
|
Introduction
|
17
|
|
|
Minimum wages survey
|
17
|
|
|
Cost of the claim
|
19
|
|
|
Other research
|
20
|
|
|
Sectoral impact
|
21
|
|
|
Inequality and the minimum wage
|
23
|
|
|
Conclusion
|
24
|
Section 6: Living Standards
|
25
|
|
|
Introduction
|
25
|
|
|
Budget standards
|
25
|
|
|
Conclusion
|
26
|