Warning: Centralised wage-fixing in Australia has returned
It’s a reversal of the Keating model, which reorientated the wage fixing system from institutionalised wage flow-on to enterprise autonomy and collaboration.
Graeme WatsonFormer Fair Work Commission vice president
The return to centralised wage-fixing in Australia has begun. This represents a clear and present danger to productivity and therefore future living standards.
It is widely recognised that the golden decade of productivity growth – the 1990s – was enabled by the Hawke-Keating economic reforms, including the Keating government’s reorientation of the Australian wage fixing system from institutionalised wage flow-on to enterprise autonomy and workplace collaboration.
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Graeme Watson was formerly the vice president of the Fair Work Commission and a senior adviser to the Morrison government. He is currently strategic counsel at King & Wood Mallesons.
