Bosses flunk training 101
The business community has spent 20 years pushing tirelessly for labour market flexibility but, now that it has it, some have figured out that it is a double-edged sword. In a flexible labour market, wages for skilled workers in high demand can rise really quickly. Who knew! Last week the Business Council of Australia (BCA) abandoned the last vestiges of any pretence that it wanted free markets to sort out the labour market, and private enterprise to determine investment priorities, when it released its bizarrely titled Pipeline or Pipe Dream? contribution to the Prime Minister’s economic forum in Brisbane.
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