Shorten's 'real living wage' may cost jobs
![Investors are expected to adopt a more cautious tone today after yesterday's heroics.](http://web.archive.org./web/20180130114551im_/http://www.afr.com/content/dam/images/g/h/a/b/9/i/image.related.afrIndexLeadWide.460x260.h0qoi2.gshfrb.png/1517306324280.jpg)
The incomes of lower-skilled workers would rise 23 per cent to $44,335 from the current minimum of $36,140 under a "living wage" plan proposed by unions.
The incomes of lower-skilled workers would rise 23 per cent to $44,335 from the current minimum of $36,140 under a "living wage" plan proposed by unions.
Bill Shorten is right to say that enterprise bargaining is failing in Australia. He's wrong to say it's just because employers want to pay their employees less.
The Perth Mint's release of digital gold certificates for trading, holding and transferring physical gold could have profound consequences for ETFs.
A new JLL report into unit construction says credit curbs are working but risks of undersupply remain.
Ron Walker, former chairman of Fairfax Media and the Australian Grand Prix, has died from cancer.
Government says it has clawed back $61 million from insolvent companies to ensure workers get their entitlements.
The board of biotechnology group Sirtex Medical has agreed to a $1.6 billion takeover offer from United States giant Varian Medical Systems
Heavily-shorted miner Syrah says its initial graphite sales have not achieved the sort of prices that index providers have been quoting.
Fortescue's net debt has risen for the first time in three years on the back of steep iron ore price discounts, a large tax installment and the purchase of a power station.
Short sellers in JB Hi-Fi are ducking for cover as the shares surge to near 12-month highs following a series of earnings upgrades.
Sentiment among the broking community about the prospects for CBA's shares are split in the wake of the bank appointing Matt Comyn as CEO.
A fall in revenue from college closures and wiping off the value of US tax-loss assets has seen education group Navitas report a slide in EBITDA for the six months ended December 31.
Australian shares ended a downbeat session on an even weaker note, with miners the worst performers in a day of broad-based losses.
​Even cryptocurrency sceptics find its parent technology intriguing, but its promises of freedom and trust may yet prove illusory.
Australian stocks lost ground on Tuesday, joining in a global consolidation move, as traders brace for a busy week of data and policy news.
Funds raised via IPOs on the ASX plummeted 46 per cent in 2017, and a trend toward greater numbers of smaller raisings will continue in early 2018, a report has found.
GetSwift has remembered the old saying that the first step to solving a problem is recognising you have one.
An inquiry into the use of consultants by the federal government has set off alarm bells across an industry that has won management consulting-style contracts worth $39.4b from Canberra over the past five years.
Given the agreement on the need for major changes in banking behaviour, the choice of a veteran Commonwealth banker as new CEO is actually a hard call by the board.
Innovation and Science Australia's point is that we can't count on our luck. There may not be another mining boom between now and 2030. We may have to create our own luck, as we did in the 1990s.
Hopes the end of the income recession will spur a return to high rates of household income growth are premature, says Deutsche Bank's Adam Boyton.
Bill Shorten said enterprise bargaining was "on life support", flagged increases to the minimum wage and moves to curb increases in private health insurance costs.
The Parliamentary Joint Committee on Intelligence and Security will hear renewed concerns about Beijing's influence in Australian universities.
Federal politicians, judges, public servants, companies and the Governor-General, would all be subject to scrutiny by a new anti-corruption body
One of Australia's most experienced academic economists attacked the work of younger colleagues who challenged his understanding of the jobs market.
A crackdown on foreign influence will only work if the measures counter secretive Chinese organisations attempting to influence MPs, universities and the media.
If the board agrees to a deal with Blackstone, it would represent the biggest shake-up of Thomson Reuters since it was formed a decade ago by Thomson Corp's acquisition of Reuters Group.
China's government, which has been probing alleged financial wrongdoing at Anbang Insurance Group, is seeking to broker the sale of a stake in the insurer, people with knowledge of the matter said.
Labour demand in Japan rose in December to its highest in more than 40 years, which could help workers pressing for bigger pay increases at annual wage negotiations.
Wattle Health has struck a deal to sell organic baby food into India, which has proved a difficult market for Australian companies.
Private health insurers have fired back at labor leader Bill Shorten's attack on the sector's recent premium hikes, calling it an unsurprising cheap shot.
Superannuation schemes have rejected a proposal by one of the retirement industry's most prominent executives that funds should hold capital.
A leading economist whose work was used by Labor to support its negative gearing policy has slammed the party's resistance to company tax cuts.
Top investors warn that Australians' standard of living will decline if government and business does not increase focus on ambitious innovation.
The wife of accused tax fraudster Adam Cranston has appeared in court following the birth of their child to face fresh charges.
Heath Minister Greg Hunt said the government would prioritise emerging medical research on genes and their functions
He was always destined to lead the Commonwealth Bank. Yet Matt Comyn is seen as the surprise choice to restore trust in the scandal-ridden bank.
A batch of pastry chefs is winning acclaim with skills first learnt at an architect's drawing board.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in