If we want higher wages, we must win them through deliberate wage-boosting policies.
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Our work suggests we could have achieved much lower unemployment than we have in recent years, without driving up inflation.
Now that we are recovering from recession, there’s no telling how low we could push the unemployment rate. One estimate is 3.5%.
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Clinical Education Coordinator - Speech Pathology
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Centre of Excellence Chief Operating Officer, Quantum Biotechnology (QUBIC)
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Director, Monash University Museum of Art (MUMA)
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Executive Dean, Faculty of Business, Government and Law University of Canberra
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Ian McDonald is a Friend of The Conversation.Emeritus Professor, The University of Melbourne
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Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
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Visiting Fellow, Crawford School of Public Policy, Australian National University
