Workplace Relations Reform and Prosperity

Business Council of Australia-commissioned research by Access Economics has shown that labour market reforms over the previous 20 years directly contributed to the creation of 315,000 new jobs by 2004. Since March 27 last year – far from the collapse of job opportunities, wages or conditions – more than 200,000 additional full-time positions have been created. Instead of a race to the bottom in terms of pay and conditions, wages have continued to rise, as they have done since the early 1990s.

From op-ed by BCA President Michael Chaney titled ‘Unions Want to Turn Back the Clock’, The Australian Financial Review, 26 March 2007, p. 95.