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CTU: Wages didn’t keep up with productivity

9 Feb

CTU Economist Bill Rosenberg

Workers have been short changed by up to one sixth of the wages they should have earned as a result of employers not sharing the benefits of productivity growth, the Council of Trade Unions said today.

A study released today by the Productivity Commission shows that real wages fell significantly behind productivity growth in a large part of the economy between 1978 and 2010. This resulted in wages and salaries, and labour income of self-employed people getting a falling share of the income the economy generates (the labour income share).

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