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Thursday, November 14, 2024

Australia’s Alleged Conservatives Surrender to Unions; GM Australia vs. GM US; Currency Madness Everywhere

Courtesy of Mish.

Here is a link from a couple of weeks ago from my “Down Under” friend “Bisbane Bear” regarding Australia politicians surrendering to unions for absolutely no reason, and for no possible benefit.

For US readers not following Australian politics, Conservatives won a landslide victory in the September election with Labor Party percentage vote the lowest in 100 years.

Conservatives could have and should have demanded change. Instead Minister Ian Macfarlane decided to create a panel to advise on unions, and one of the three appointees was a huge Labor Party advocate.

Surrender to the Weak

In response, News.Com.Au commented “Surrender to the weak and willful will cost us all“.

INDUSTRY Minister Ian Macfarlane made an incomprehensible decision this week. After talks with Coca-Cola Amatil, a taxpayer-funded three-person panel was created to advise on a request from SPC Ardmona for assistance. The panel’s charter includes “workplace practices, productivity” and “product range”.

Labor Party heavy and former ACTU secretary Greg Combet is one of the appointees – he is going to advise on enterprise bargains with the unions.

After the announcement of the SPC panel, between fielding calls from the bewildered and outraged, I scrabbled for an explanation for Macfarlane’s reckless move. I have been writing on these issues since 2007 and have never found reason to criticise the Coalition, but this action is naive, irresponsible and indicates the government is captured by the big business-big union nexus.

Australia is at a crossroads. For 20 years, regardless of the legislation, about half of our companies have been incrementally enterprise bargaining themselves into bankruptcy, while the other half have not.

Increasingly, many of those that have bargained are on the verge of ruin. A growing number will be seeking government subsidies during the next few years.

It is not always easy to say no to unions, and occasionally you must negotiate, but no company can be forced to make an enterprise agreement. Any business can simply pay its workers the modern award wage.

About 20 per cent of Australian workers are paid only the award wage, while roughly 30 per cent are paid a rate above the award, with the award remaining as the legal minimum. …

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