Australian Unions have released For a Stronger, Balanced and Inclusive Recovery – a report which highlights the weaknesses in Australia’s economic recovery and proposes solutions which the Morrison government could act on immediately to protect working people and build greater resilience in the economy.
The report lists four central problems with the recovery: the extremely rapid growth of insecure jobs, historically low wage growth (despite strong growth in profits), an over-reliance on consumer spending, and the overall unevenness of the recovery, with many sectors and millions of workers still struggling.
In response to these issues, and building on the National Economic Reconstruction Plan released last year, the ACTU is calling on the Morrison government to:
The ACTU report outlines key demands for the Budget, including:
- Measures to arrest the record low wages crisis, and the surge in insecure work
- Continued JobKeeper for workers and sectors still in crisis
- Increased Government economic activity in the real economy, including an expansion of vital public and community services, and a sustained program to improve public infrastructure
- Major investments for the Aged Care crisis, and funding and a model linked to better staffing levels and quality care
- Public and community housing developments.
- Strategy to support investment in key strategic industries.
- Investment in the energy transition