Commonwealth of Australia

Submissions

  • Submission (82 Pages) (PDF Format) - February 2004

Table of Contents

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



Table of Contents

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

Correspondence