Speaking of labour market policies .. Does anyone know what type of labour market essay question they could ask? I'm stumped on how i would answer one -.-
Something like this has came out:
Explain how Australia’s labour market policies have affected work practices and employment. (Something similar to this).. Or i could imagine them asking a question on how labour market policies will effect income distribution/wealth.
how much must we know on all the old legislation for roles of state + fed .. is it necessary?
the leading edge txtbook 2011 doesn't focus on it at all however the tim riley 2010 (the only one i have) goes into detail into each legislation .. or just FWA + FWO?
also what are the advantages and disdavantages of individualised methods of determining employment contracts? is that AWAs? :S ....
I think probably from 1991 when decetrilisation started being introduced follow by workplaces relation act in1996 because this was when the major changes to the award system and AWA'S occured, following on other introductions and then fair work act 2009 should be the major one you should talk about..
Inidividual methods- decentralised system btw
...
-Advantages
More flexible in operation and likely to lead to more efficient allocation of labor in the labour market. Since wage increases reflect productivity improvements in enterpise or workplace agreements, there is higher incentive for employees to acquire skills training and education to gain higher wages, also less likelihood of cost-push inflation (workers demanding less for wage increases)....
Disadvantages.
Market determines wage outcomes based on productivity and skills, this can lead to more income inequality in the labour market, without a strong system of minimum wages and working conditions.
Employees with high levels of bargaining powers, skill and productivity may achieve higher wagers than individuals with less leader to 'greater labour market segmentation'.
Also more industrial disputes and conflicts may occur during periods of negotiations .
Also the federal gov. does not have formal prices and income policy to control wage outcomes and must use monetary policy and higher i/r to control wages growth and so on...
So let me sum it up.. Advantage is that it's flexible. Disadvantage is that it causes inequality and danger to individuals who are less skilled and productive (less bargaining power)..
