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Centre for Future Work Retweeted
"Workers who are feeling more insecure and more desperate for their incomes are less likely to challenge expectations from their employers to work for free."
@ak_pennington, senior economist at the@CntrFutureWork.#auspolhttps://twitter.com/CntrFutureWork/status/1321656212283293701 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
Wages are purchasing power, and wage theft stymies that. Our
@ak_pennington: "It's a race to the bottom for workers in these sectors, but it's also a race to the bottom for economic growth and stability long-term. No-one wins from this."https://twitter.com/CntrFutureWork/status/1321656212283293701 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
Great piece by
@KellyHughes on new wage theft claims. My comment: Growth in low-quality jobs fuels systematic wage theft. Insecure wrkrs cant easily refuse expectations to work for free. Stamping it out requires stronger worker rights & compliance systems.https://www.abc.net.au/news/2020-10-28/wage-theft-class-action-launched-against-drake-supermarkets/12817490 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
ETU calls on NSW Government to crack down on dangerous unlicensed work & establish Electrical Regulator to ensure safety
@Kevinandersonmp@unionsnsw@Dom_Perrottet@NSW_FairTrading@SafeWork_NSWpic.twitter.com/DXXbU3TaeRThanks. Twitter will use this to make your timeline better. UndoUndo -
Not enough jobs & sufficient hrs is behind our ongoing wage theft epidemic, says our
@ak_pennington. Its harder for workers desperate for incomes to challenge lower-quality jobs & illegal practices. "Insecure work & wage theft go hand in hand."@KellyHugheshttps://www.abc.net.au/news/2020-10-28/wage-theft-class-action-launched-against-drake-supermarkets/12817490 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
Australia's culture of "insecure" work is fuelling wage theft claims against retailers, think tank the Australia Institute says, as a class action is launched against another major supermarket chain.https://ab.co/3jBtNM8
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Our research confirms no systematic correlation between wage growth and superannuation levels since 1990: https://www.futurework.org.au/abandoning_super_increases_won_t_boost_wages …. Labour costs are not determined by "the market." Both wages & super are determined by policy, regulation & power. Cutting one won't "grow" the other.https://twitter.com/MicheleONeilAU/status/1321538861978152960 …
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Centre for Future Work Retweeted
It is infuriating how the false narrative that Canada faced a "debt crisis" in the 1990s has been repeated so often by fiscal conservatives, it is now reported as fact--even by platforms that should know better (eg.
@CBCNews https://www.cbc.ca/news/politics/freeland-toronto-global-forum-1.5779960 …). ...2pic.twitter.com/76hSl572shShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
By failing to attach conditions to massive public subsidies,
#Budget2020 continues decades-long biz-friendly traditions helping employers pursue short-term gains before long-term investment in jobs, skills & incomes of people. (7/7)Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
If business investment isn’t increasing, there’s no private sector job creation. Is business struggling in a general sense? Well corporate profits *rose* 15% in June Qtr. Without an increase in investment, it shows the public is giving businesses “money for nothing”. (6/7)
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Centre for Future Work Retweeted
Keep your eye on measures that matter to the millions: growth in FT jobs, jobs w basic entitlements like sick leave (i.e. pandemic-proof jobs), real wages growth, labour/profit share of GDP. Look at business investment too, which dropped +1/3rd 2012-19 *pre-COVID*. (5/7)
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Centre for Future Work Retweeted
Billions in govt spending can lead to positive GDP growth *at the same time* as millions are denied adequate work & financial security. Non-recession status can exist w widespread poverty & destitution. We know coz this was exactly what our pre-COVID economy looked like. (4/7)
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Centre for Future Work Retweeted
Leaving labour market recovery to market forces means when jobs come back, they come back shitter. 79% of all jobs lost since Feb were FT. 99% of jobs growth since May were PT (Frydenberg’s supposed jobs bonanza!). Jobs become more insecure with less hrs & less pay. (3/7)
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Centre for Future Work Retweeted
Without targeted jobs & incomes policies for those most affected by recession, whole layers of society are outcasted from economic health assessment. 30yr-olds still don’t have FT jobs post-GFC! COVID cut jobs & incomes of 00s/000s of youth, women, older workers & migrants. (2/7)
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Centre for Future Work Retweeted
Free of technical recession says
#RBA. Unsurprising when fiscal spending can always save the GDP-day in a “technical” sense! Government has spent billions – a key component of GDP. But what's the story bubbling beneath the surface of standard growth measures? (1/7)Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
Our Director
@JimboStanford, writing in@TorontoStar, with 5 core reasons the public debt bogeymen shouldn't keep us awake at night: https://www.thestar.com/business/opinion/2020/10/26/five-reasons-its-time-to-relax-about-the-trudeau-governments-huge-deficit.html …. There are many things to be scared of this Hallowe'en: govt debt is not one of them!pic.twitter.com/6JVSwop4IdThanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
"supply shock" actually (not "applied shock" ... Skype wobbled at that point), but the point is clear! Thanks
@spaikin and@TheAgenda for a great panelhttps://twitter.com/TheAgenda/status/1320813170143956992 …
0:47Thanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
Did you know that TAFE produces total economic benefits worth $92.5 billion to the Australian economy? That’s more than 16 times the annual ‘maintenance’ costs Australia currently reinvests in the TAFE system.
@ak_pennington @CntrFutureWorkhttps://www.futurework.org.au/rebuilding_tafe_critical_to_economic_recovery …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Centre for Future Work Retweeted
Surprise! (not). JobMaker creates 45k jobs not 450k. But 115,000 jobs lost since JK cut; approx 145,000 FTE jobs lost from JS cut. Billions wasted on tax cuts & delusional job-creation policy. The same put in public services would create 00s/000s of jobs.https://www.theguardian.com/australia-news/2020/oct/26/jobmaker-will-create-just-10-genuinely-additional-jobs-of-coalitions-total-pledge-treasury-says …
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Centre for Future Work Retweeted
Yes, trick-or-treating has been cancelled in some cities, but the debt bogeymen are still roaming the streets. Here's why we shouldn't get spooked. My column for
@TorontoStar@StarBusiness: 5 reasons the coming big deficits are not so scary after all. https://www.thestar.com/business/opinion/2020/10/26/five-reasons-its-time-to-relax-about-the-trudeau-governments-huge-deficit.html ….Thanks. Twitter will use this to make your timeline better. UndoUndo
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