Corporate executives and conservative politicians like to pretend that everyday people shouldn't interfere in economics, but the truth is that our top economic goal as a nation should be to give everyone the chance to get a secure and fairly paid job.
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“Despite being in a high inflation environment, despite seeing the costs of everything going up, those settings would ordinarily point towards workers being able to get a decent increase in their wages, what we see is more money going towards profit, less money going towards workers pockets instead,” Dan Walton said.
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This week's episode of 'On the Job' is a double feature.
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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.
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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.
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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”.
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