CTU Economic Bulletin

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  • November 2009

    There is considerable evidence that union members get better pay than non-unionists because of their coverage by collective agreements.

    One survey of over a thousand studies of the economic effects of unions and collective bargaining in 2002 found that "Union members and other workers covered by collective agreements in industrial as well as in developing countries do, on average, get a wage markup over their nonunionized (or uncovered) counterparts." The survey found other benefits as well: for example collective bargaining and high union density reduced income inequality.1

  • October 2009

    Discussion on an Alternative Economic Strategy was launched at the CTU Biennial Conference last week. It will be considered by affiliates over the next 6 months, with the intention to finalise it in June 2010.

  • September 2009

    Fair deal? The cost of living, productivity and wages

    What's a fair way to set increases in wages?

  • August 2009

    Green shoots?

    "Green shoots" is the phrase of the year. It is used to hint that the winter of recession is ending. Newspapers, politicians, and most recently the Governor of the Reserve Bank, are constantly reporting sightings. We find it hard to give them the significance they seem to claim. As reported below, unemployment came in at an unexpectedly high 6.0 percent in June, and Treasury is still forecasting that unemployment will peak at 8 percent in the September quarter next year, 2010. What is even more concerning about those forecasts are that they project that it will take much longer for unemployment to fall than it has taken to rise. Their forecast is for unemployment to be still at 7.5 percent at March 2011 (with 167,000 people looking for jobs), and 6.3 percent in March 2012 (141,000 people).