The new prime minister has fewer economic levers to pull than previous Labor governments. That makes taking Australians into his confidence about the need for bolder change all the more important.
Charismatic, controversial and witty, Paul Keating, along with Bob Hawke, modernised the Australian economy and opened it up to Asia.
An old political maxim is to ‘never waste a crisis’, but sometimes a crisis isn’t enough.
The Prices and Incomes Accord was a series of agreements between Labor and the ACTU where unions would moderate their wage demands in exchange for improvements in the ‘social wage’.
Even though enterprise bargaining agreements proved controversial when introduced, their use is actually in decline today.
Unions were once integral to working life but their influence has been severely eroded. Can they regain their relevance?