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The push against wage rises has begun again – it’s an argument for Australia’s poorest workers to become poorer | Greg Jericho (www.theguardian.com)
submitted 7 months ago by vividspecter@lemm.ee to c/australia@aussie.zone
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[-] Dalek_Thal@aussie.zone 14 points 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.zone 2 points 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.

this post was submitted on 27 Mar 2024
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