Trickle Down Economics Discredited Yet Again

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    The Data Jury's already and Genie is out of the Coalition's Box as wages in Australia struggle even to keep pace with inflation. Even worse; the verdict is that employers and the likes of the MCA AMMA are off their faces fighting for even more Cuts-Cuts-Cuts:

    "Wages survey: most major employers want to freeze pay or offer cut in real terms"
    "... The Herbert Smith Freehills bargaining survey found that 60% of employers want to grant workers only nominal wage increases or to freeze wages, and many more are looking to cut other conditions from workplace agreements.
    The survey also found widespread dissatisfaction with the Fair Work Act and the enterprise bargaining process among its 60 key clients, which include large companies across the construction, infrastructure, mining, retail and healthcare sectors. ..."
    "... Wages in Australia have stagnated. Figures released in August show that in the past year wages grew by a record low of 1.9%. ..."
    "... On Sunday the secretary of the Australian Council of Trade Unions, Sally McManus, told the ABC’s Insiders program that over the past 10 years productivity had increased twice as fast as wages so something was “clearly wrong” with the industrial relations system. ..."
    "... The Herbert Smith Freehills survey found 93% of companies wanted to remove some “unproductive or inflexible” conditions in their next round of bargaining, with 20% of those seeking significant change. ..."

    https://www.theguardian.com/austral...want-to-freeze-pay-or-offer-cut-in-real-terms

    It's apparent that the Coalition is working overtime to impose the 100% failed and discredited 'trickle down economics' on Aussie Battlers - in other words their transferring wealth from those with least of it to those who already have most of it as they work hard to increase disadvantage and poverty and community divisions.
 
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