06 Mar 2018 | Archive
The Australian Chamber of Commerce and Industry said today repeated claims by the Australian Council of Trade Unions (ACTU) of record company profits and reduced wages growth are a calculated misrepresentation of the facts.
“The ACTU is deliberately cherry-picking outdated data to argue a misleading case,” said CEO of the Australian Chamber of Commerce and Industry, James Pearson.
“Profits were up 4.3% up over the year – and wages grew by 4.3% over the year too.
“This is not the 20% profit growth versus 2% wages growth that the ACTU claims.
“The reality is that profit growth – while positive – is volatile and recent.
“We need to recognise that profits vary between industry, business size and from quarter to quarter.
“If the economy continues to improve, if profit growth can be sustained and businesses are able to hire more people and offer more hours, if we see a sustained lift in productivity – then wages growth will lift, provided business is able to afford it and remain competitive.”
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22/07/2019
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The Australian Chamber of Commerce and Industry (ACCI), Australia’s employer representative to the United Nations’ International Labour Organisation (ILO), says union opposition to proposed legislation...
18/07/2019
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4/07/2019
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1/07/2019
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry calls on the Parliament to pass the Government’s personal income tax...
1/07/2019
Australian Chamber – Tourism, the peak body of Australia’s tourism organisations welcomes the expansion of the Working Holiday Maker visa program. “The Australian Chamber-Tourism has...
24/06/2019
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, welcomes the Prime Minister’s commitment to review Australia’s Industrial Relations system...
19/06/2019
Australian Chamber – Tourism, the peak body of Australia’s tourism organisations, acknowledges the release of the International Visitors Survey today. The survey shows strong performance for...
18/06/2019
The Australian Chamber of Commerce and Industry – Westpac Survey of Industrial Trends for the June quarter 2019 released today, shows a slowing in manufacturing business...
11/06/2019
By James Pearson With the final seats being declared in the federal election, the government and opposition frontbench teams in place and parliament set to...
5/06/2019
The Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network, today expressed disappointment at the latest National Accounts figures showing lower...
4/06/2019
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3/06/2019
Australia’s largest business network, the Australian Chamber of Commerce and Industry, congratulates the new Labor Shadow Ministry on their appointments and welcomes Federal Opposition Leader Anthony...