At the close of 1981 two areas stood clearly at the top of the agenda of economic policy problems. These were wages and the manufacturing industry. The Metal Trades Agreement, which was ratified the week before Christmas, gave the green light for a whole host of wage increases which had been, or were, in the process of being negotiated at that time. The immediate questions being raised were: would the transport workers seek another increase setting off a new round, or would the Commission and the Australian Council of Trade Unions (ACTU) succeed in reestablishing a centralised system at the end of this one?
Recommended CitationMountford, Bill, Economic Notes : A Wages and Incomes Policy, Australian Left Review, 1(79), 1982, 34-38.