Australian Labour Market Issues: an Historical Perspective

Abstract

This paper provides an historical perspective on topics related to recent developments in the Australian industrial relations system discussed in this issue of the Journal—the 'living wage' concept and the safety net, 'fairness' in relative wages, women's wages, the Accord, labour market decentralisation and the role of trade unions. It concludes that recent legislation was not necessary to facilitate increased productivity because the prevailing system had shown sufficient responsiveness to the needs of the economy, both macro and micro. By limiting the jurisdiction of the AIRC and reducing the power of the weaker unions, recent legislation bas created a dual system with a less equitable pay structure and an institutional arrangement less able to deal with wage inflation under more buoyant economic conditions.