Wednesday, October 06, 2010

Economic Growth

Australia's economic growth comes at expense of workers' wages and conditions: report
by John McCarthy
THE blowout in the cost of living could be directly blamed on companies and governments shifting financial responsibilities and risks on to workers, according a report released by unions.
The report, by the Sydney University Workplace Research Centre, found that while Australia had massive economic growth over the past 40 years, wages had been constrained, costs had eaten up a greater percentage of income and more than two million jobs were now part-time or casual.
According to Australian Council of Trade Unions president Ged Kearney, for the first time in Australia's history, less than 50 per cent of the workforce was classified as being in permanent full-time employment.
She said the economic growth had come at the cost of workers' wages and conditions.
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