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There might be wage theft that various our best companies have interaction in, and then there’s what occurs when shareholders are left to foot the invoice for lengthy-departed executives.
It’s been a tough week for gargantuan industry, with Qantas distracting all people from what employers thought the actual self-discipline ought to be — Labor’s noxious industrial family changes to better offer protection to “contractors” and to criminalise wage theft. Indulge in most IR changes in favour of workers — and the Dazzling Work Act itself, motivate when Julia Gillard secured passage of it in the Rudd years — it’s going to dwell investment, waste productiveness, atomize economic increase and otherwise herald the four horsepeople of the apocalypse.
The case of the wage theft factor of the invoice is attention-grabbing, nonetheless, because the lobby neighborhood for the best agencies, the Enterprise Council of Australia (BCA), can’t carry itself to oppose criminalisation. That might recount to the reality that, by our count, 39% of BCA members maintain been pinged for underpaying workers. And that involves one of the most critical worst offenders, akin to Wesfarmers, BHP, the stout banks, the Go8 universities and a number of stout regulations companies.
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Poltics In regards to the Authors
Politics Editor @BernardKeane
Bernard Keane is Crikey’s political editor. Before that he turned into Crikey’s Canberra press gallery correspondent, covering politics, national safety and economics.
Enterprise and Media Correspondent
Glenn Dyer is Crikey’s industry and media correspondent.