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By: SteveC

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Rafe, I think it would be a fairly irresposnible claim. Increased real wages without increased productivity will make us uncompetitive so not a good long term solution. Which unions are making that claim? I don’t believe it’s the view of the ACTU. The RBA documents indicate though that your previous sentence “You will probably find that productivity in mining and other places is suffering at present from wage increases gained without productivity trade-offs”, is not the cause of reduce productivity in the mining sector.

In some respects it is purely a function of a market economy, a shortage of skilled workers means the price of labour will go up.


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