Labor's proposed 'same job, same pay' reforms will worsen Australia's unprecedented worker shortage and ensure productivity remains at a 60-year low, writes Saxon Davidson.
The “same job, same pay” reforms aim to place third-party workers, who have been employed to work alongside full-time workers on particular projects through an agency, within the scope and control of the unions.
As industry leaders warned this week, it will likely result in the loss of jobs, and a decrease in economic productivity. “There is quite a lot of concern that somebody that has been there for six months will be paid the same as someone that’s been there for six years.” Today, there are currently more than 438,000 job vacancies across the economy, which is almost double the pre-COVID level, with more than one in four businesses unable to find the workers they need.
Currently, an Australian pensioner can only work a day and a half per week before their pension benefits are reduced by 50 cents in the dollar; when combined with income tax this means they are subject to an effective marginal tax rate of 69 per cent should they choose to work more.
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