More Labor wages re-regulation

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Labor appears set on an attempt to fix low wages via re-regulation rather than limiting immigration. Yesterday we got this, via The Australian:

Bill Shorten says he’ll come down “like a tonne of bricks” on employers using 457 visas to fill jobs, rather than training Australians.

He promises to work with the Australian trade union movement and stand up for Australian workers.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.