A 5% rise in award and minimum wages is pretty modest and won’t set fire to inflation or cause interest rates to stay high
  • Dalek Thal@aussie.zone
    14·
    7 months ago

    The thing is, businesses have a vested interest against wage growth, as wage growth is directly and totally incompatible with annual record profits - wage growth would eat into that.

    Put simply, it’s a conflict of interest. If people with conflicts of interest ceased to be allowed to participate in conversations wherein they have that conflict, the world would be a better place.

    • Salvo@aussie.zoneEnglish
      2·
      7 months ago

      But commerce requires people to be able to purchase things. This is not possible if the people don’t have any free income.