Imagine what a 10% cut to wages above say $150k and a 5% cut to wages between say $50-149k could do for Australia's productivity.
I think a wage cut may increase profits
as for productivity, imo, it is all about working harder or having a sense of shared responsibility
Imagine what a sense of shared responsibility could do for Australia's productivity, such as as employers paying a base wage plus profit sharing bonuses?
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