SKIP TO MAIN CONTENT

Shorten blasts business over flat wages

Federal opposition leader Bill Shorten has rounded on business over Australia's flat wage growth.

2 min read

Published

Source: AAP


Skip to article content

Labor leader Bill Shorten has taken a shot at the big business sector for deliberately keeping worker wages low.

Mr Shorten told the National Press Club in his first major speech of the year on Tuesday that household bills were rising while wages were flat.

"Our economy has grown since the global financial crisis, workers are more productive than ever, company profits went up 20 per cent last year alone - so why are big companies keeping workers' wages low?" Mr Shorten asked.

"It's the same reason that they're farming people out to labour hire companies, the same reason that they try to turn every job they can into a casual job, the same reason that CEOs can put up their own pay and up again - it is because they can."

He said it was time to "push big companies to pay a fair day's wage for a fair day's work".

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

"If we don't demand a better deal and greater security for working Australians, then it just won't happen."

Mr Shorten added that enterprise bargaining was on "life support" and needed reform to be a driver of wages growth and productivity.

Labor would restore Sunday penalty rates, crack down on the exploitation of labour hire and put the "bargaining" back into enterprise bargaining, as well as lead a new national push to close the gender pay gap, he said.

The opposition leader reiterated Labor's stance against the government's planned second tranche of corporate tax cuts.

"For the life of me I do not see how backing up a big truck full of taxpayer funds into the pockets of multinationals in the form of a tax cut is going to help ordinary people," Mr Shorten said.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world