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Issue No. 278 | 26 August 2005 |
A Secret Country
Interview: On Holiday Unions: One Day Longer Industrial: Never Mind the Bollocks Politics: Spun Out Economics: If the Grog Don't Get You .... History: Taking a Stand International: The Split Legal: Pushing the Friendship Poetry: Simple Subtractions Review: Sydney Trashed
Busted: Howard's 14 Percent Fudge No Malice in Pregnancy Termination, Court Contractors Get Run Of �The Mill� Striking Tongans Serenade Princess
Parliament The Soapbox The Locker Room International Postcard
Godspeed LHMU Help Wanted Proof in the Pudding Safeguards Already There
Labor Council of NSW |
News Busted: Howard's 14 Percent Fudge
While the highest CEOs� wages have blown out by 229 per cent since 1998, the average increase for non-managerial adult income between 1998 and 2004 was just 3.6 per cent, according to an analysis of ABS data carried out by ACIRRT for Unions NSW. The analysis drawing together published and unpublished ABS data found, - workers in the lowest two percentiles, received an average increase of just 1.2 per cent over the six year period. - workers in the highest percentile were the only ones to enjoy a double digit increase in real wages (13.4 per cent) - and that middle income earners experiences the lowest increases of all. ACIRRT research fellow Steve Jackson says the different figures all come down to looking at median wages rather than the average. "The high figure the Prime Minister quotes on average wages is distorted by the huge increases those at the top of the labour market have experienced over the last eight years," Jackson says. "Take managers and the high-fliers out off the equation and the picture is of modest growth in real wages, driven by increases to the minimum wage awarded by the Australian Industrial Relations Commission." Meanwhile, a parallel analysis of executive pay by Sydney University's John Shields says CEO packages have grown exponentially in both wages and options. "What is clear is that the higher up the hierarchy, the higher the growth in wages." Unions NSW secretary John Robertson says the analysis shows the Howard government's claims of 14 per cent increase in real wages are 'nothing more than spin'. "The Prime Minister has been using this figure to paint himself as a friend of the workers while he goes about ripping away their working rights and conditions." "What he can claim credit for is driving up the wages of high-fliers while leaving more and more workers struggling to make ends meet. "these figures prove what most ]of us have suspected for some time - our economic success is not being shared evenly. "Under the changes to industrial relations, this will only get worse."
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