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This week's episode of 'On the Job' is a double feature.
Huge corporations have chosen to pass on costs to customers rather than absorb them. In a similar fashion, the big oil and gas companies booked super windfall profits while Australian taxpayers have subsidised the bowser price of petrol. The vast majority of these profits head off-shore to overseas billionaires and hedge-funds.
There are hundreds of thousands of stories that show the cruel consequences of the gender and Indigenous superannuation gaps. But there is no reason why we can’t change these entrenched inequalities in our retirement system.
We can’t afford to sweep profiteering under the rug while workers are told, once again, that their wages should decrease for the “health of our economy”.
“I want to be a leader for my community as well as people who are around my age group. I want to let them know, ‘You know what? Joining the union is really good. We need people like you’."
The interest rate rise of 0.5 percentage points, which brings the cash rate to 1.85 per cent, announced on Tuesday by the Reserve Bank of Australia will worsen the cost-of-living crisis for workers.
