Abstract
When indexation of wages was abandoned by the Arbitration Commission in July of 1981 the country was without a wages policy for the first time since 1970-74. As in that period, a system of direct collective bargaining has emerged to fill the vacuum. However, a debate has begun on what kind of arrangements should govern wage determination in Australia in both the near and further future and it is a debate which could have profound implications both for the economic well-being of the country and for the conduct of industrial relations.
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