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We review the development of the labour market and industrial relations in Australia, including the relationship between wage determination and protection of industry. We argue the case for much greater deregulation of the Australian labour market and a much reduced rôle for the Arbitration...
The Theme of this paper is that an inherent conflict exists both for those who want to radically refor M the Australian institutional wage-setting system and for those who want to maintain the status quo. There is evidence from theory, supported in the main by empirical evidence, consistent with...
Labour market regulation and social welfare policies live in a symbiotic relationship. The growing social welfare safety net has made acceptable, at least for a time, the centralised system of wage fixation in Australia which appears to have contributed to a high level of unemployment. By...
What is pay? Under what conditions might overpayment be said to occur? The author develops a theory of wages. He explores reasons for firm size differentials. He examines post-war developments in the U.S. labour market to attempt to answer the question posed in the paper's title.
This paper reviews the Report of the (Hancock) Committee of Review into Australian Industrial Relations Law and Systems. It analyses the economic effects of minimum wage regulations and the extent to which Australian trade unions are “above” the law. It is argued that minimum wage legislation...
Social cognitive theory explains psychosocial functioning in terms of triadic reciprocal causation. In this causal model, behaviour, cognitive and other personal factors and environmental events all operate as interacting determinants that influence each other bidirectionally. This article...
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