Things go better with lower wages

Thursday, 11 September 2014

Coca-Cola Amatil (CCA) has struck a new pay deal that will see wages frozen and pay rates slashed for newly employed workers. From The AFR:

Hundreds of workers at Coca-Cola Amatil’s warehouses around the country will cop a pay freeze and new hires will take 38 per cent pay cuts under new pay deals…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.