<
https://theconversation.com/tired-of-shrinking-pay-the-real-drain-on-australians-productivity-is-falling-wages-207807>
"When was the last time you got a pay increase? Was it anywhere near the rate
of inflation?
If it feels as if your wage is shrinking and cost of living pressures are
growing, you’re in good company. And it might just be harming productivity.
Here’s why.
Labor productivity (measured as gross domestic product per hour worked) has
been shrinking for a year now, after decades of reasonable, albeit declining,
productivity growth throughout the 1980s, 1990s and the first two decades of
the 2000s.
All sorts of reasons have been suggested. One is working from home.
Commonwealth Bank chief Matt Comyn has ordered staff to return to the office
saying there are “certain types of work that are done more effectively in
person”.
Reserve Bank research says it might be a resurgence in the proportion of wages
set by industry awards rather than workplace agreements, meaning there’s less
scope for rewarding performance.
Another is weak wage growth itself."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
