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Rising energy and childcare costs show need for wages reform, unions say Rising energy and childcare costs show need for wages reform, unions say
(about 2 months later)
Energy, childcare and housing prices have soared higher than average cost-of-living measures, new research has revealed.Energy, childcare and housing prices have soared higher than average cost-of-living measures, new research has revealed.
An Australian Council of Trade Unions report released on Friday shows electricity costs have jumped 10.4% in the past year, with gas up 7.1% in the same period.An Australian Council of Trade Unions report released on Friday shows electricity costs have jumped 10.4% in the past year, with gas up 7.1% in the same period.
Childcare costs have increased by an average of 6%, while transport is up more than 5%.Childcare costs have increased by an average of 6%, while transport is up more than 5%.
We can't sustain a growing economy if wages don't keep up | Greg JerichoWe can't sustain a growing economy if wages don't keep up | Greg Jericho
The average cost of housing and health went up by a little more than 3% apiece, while education rose 2.7% in the past 12 months.The average cost of housing and health went up by a little more than 3% apiece, while education rose 2.7% in the past 12 months.
The figures reveal living costs are rising much faster than the consumer price index, a standard measure relating to household spending which, in the 12 months to the June quarter, was up 2.1%.The figures reveal living costs are rising much faster than the consumer price index, a standard measure relating to household spending which, in the 12 months to the June quarter, was up 2.1%.
The ACTU’s report calls for urgent reform to restore multi-employer bargaining, institute a living wage, raise public sector pay and ensure industrial laws reduce the number of insecure jobs.The ACTU’s report calls for urgent reform to restore multi-employer bargaining, institute a living wage, raise public sector pay and ensure industrial laws reduce the number of insecure jobs.
The ACTU secretary, Sally McManus, said while chief executives’ salaries increased by an average of $5.2m this year, the rest of Australia had seen pay go backwards in real terms.The ACTU secretary, Sally McManus, said while chief executives’ salaries increased by an average of $5.2m this year, the rest of Australia had seen pay go backwards in real terms.
“People are feeling the pinch as their budgets are stretched further than the official data suggests, and this research proves this is the case, with the key living costs increasing much faster than CPI,” McManus said.“People are feeling the pinch as their budgets are stretched further than the official data suggests, and this research proves this is the case, with the key living costs increasing much faster than CPI,” McManus said.
“It is no coincidence that wages are going backwards at the same time as the number of workers covered by collective agreements has collapsed.”“It is no coincidence that wages are going backwards at the same time as the number of workers covered by collective agreements has collapsed.”
She said the research had found 700,000 fewer people were on collective agreements today compared with three years ago.She said the research had found 700,000 fewer people were on collective agreements today compared with three years ago.
The industrial relations minister, Kelly O’Dwyer, has been a strident critic of unions’ push for sector-wide bargaining, arguing creating more jobs will drive wages higher.The industrial relations minister, Kelly O’Dwyer, has been a strident critic of unions’ push for sector-wide bargaining, arguing creating more jobs will drive wages higher.
She said the Coalition government had put in place economic conditions that led to 1.1 million jobs being created.She said the Coalition government had put in place economic conditions that led to 1.1 million jobs being created.
“It’s all at risk if you want to jump back in the time machine and go back to before the 1970s, and create chaos and mayhem in our workplaces by having industrial action writ large across different sectors,” she told the ABC.“It’s all at risk if you want to jump back in the time machine and go back to before the 1970s, and create chaos and mayhem in our workplaces by having industrial action writ large across different sectors,” she told the ABC.
Australia newsAustralia news
Wages growthWages growth
Australian trade unionsAustralian trade unions
Australian economyAustralian economy
Business (Australia)Business (Australia)
Industrial relationsIndustrial relations
Sally McManusSally McManus
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