Question
1. Definition of wage suppression and extent in Australia: Has wage growth slowed in Australia? How is wage suppression defined in the literature? (https://mckellinstitute.org.au/wp-content/uploads/McKell-Institute-Stuck-in-Neutral-June-21.pdf) Provide
1. Definition of wage suppression and extent in Australia:
Has wage growth slowed in Australia?
- How is wage suppression defined in the literature? (https://mckellinstitute.org.au/wp-content/uploads/McKell-Institute-Stuck-in-Neutral-June-21.pdf)
- Provide an overview of the extent of wage growth in Australia over the past two decades.
2. Reasons for wage suppression in Australia:
Choose 3 of the reasons for wage suppression outlined in the McKell Institute Report (https://mckellinstitute.org.au/wp-content/uploads/McKell-Institute-Stuck-in-Neutral-June-21.pdf)
or the Australia Institute webinar with Sally McManus (https://www.youtube.com/watch?v=zY8Rp9MAq0Y&t=4s)
- Research and critically evaluate the extent to which these factors have contributed to wage suppression in Australia.
3. Impact of wage suppression on workers and the broader economy:
Wage suppression has individual and broader implications.
- What is the social and economic impact on workers impacted by wage suppression?
- How does wage suppression impact the broader economy?
4. Future?
Is the current rate of wage growth in Australia sustainable in the medium to long term?
- Consider the medium to long-term social and economic implications if wage growth in Australia continues at its current rate.
******Literature*******
https://mckellinstitute.org.au/wp-content/uploads/McKell-Institute-Stuck-in-Neutral-June-21.pdf AND https://www.youtube.com/watch?v=zY8Rp9MAq0Y&t=4s
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