Australian election update - Labor wins the election

[fordy]

Fumanchu said:

fordy said:

Fumanchu said:

Well I'm yet to see a modern day coalition government reduce the highest tax bracket only. 

As I said, there is more than one way to achieve low inflation. Move the higher even higher, or slam the lower even lower.

Why do you think they intorduced WorkChoices? In the very few months that it was active, we saw just what kinds of diabolical schemes employers were forcing their workers to sign, all in the name of increased gain. Those vampire profits were going to go straight to the top end. They would not create more jobs (after all, why employ more when the same amount of employees could do the same amount of work for less).

In some ways I kind of view it as the industrial relations reform of 'darwinism' hehe.  I think if you're good at your job and a real asset to the company then there's little to fear from this scheme.  Currently the laws seem most to benefit the half-assed mediocre under union protection to get warnings and multiple chances of being incompetent.  I am definitely opposed to the salary cuts that you mention, but I do believe that in a competitive market, rival businesses would prevent any real salary cuts from stealing away their valued workers. 

That's a good analogy, but if business put their heads together, they figured if everyone slashed salaries, there would be no 'alternate' job to go to. So they can have their cake and eat it too: their employees would be annoyed, but what could they do, considering every other job in their sector also got a $10k salary cut?