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Credit Suisse has warned that a Shorten Labor Government would result in “cascading” wage increases and an increase labour’s share of national income. From The Canberra Times:
“We believe the ALP’s package of employment and industrial relations policy reform would represent a transformative shift in the bargaining power of labour in Australia with cascading implications across the whole of the listed market”…
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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.
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