Solidarity: spot on the odd one out?

Solidarity:Australian workers suffer cut in real wages

Wage cut graph

Spot the odd one out? Yes, it’s the one after WorkChoices was introduced.

According to the latest figures from the Australian Bureau of Statistics, Australians suffered a wage cut when inflation is taken into account. As I pointed out last week, market economists attribute the cuts to “industrial relations reforms … reducing the bargaining power of workers.”