THE EROSION OF MINIMUM WAGE POLICY IN AUSTRALIA AND LABOUR'S SHRINKING SHARE OF TOTAL INCOME.

Authors :: McKenzie, Margaret
Source :: Journal of Australian Political Economy. Winter2018, Issue 81, p52-77. 26p. 6 Graphs.
Publication Year :: 2018
Abstract: The article offers information on the decline in labour share of national income in Australia and the issues with minimum wage policy in the country. Topics discussed include the impact of wage stagnation on the economic growth of the country, low wage growth in the country, and the need for a revitalisation of the minimum wage policy in Australia.

Subjects :: *INCOME inequality
*MINIMUM wage
*NATIONAL income
*GROSS income
*ECONOMIC development
*WAGE increases

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