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 The oligopsony model: what it is and why it may explain the OZschwitz situation

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PostSubject: The oligopsony model: what it is and why it may explain the OZschwitz situation    Fri Mar 31, 2017 11:00 pm

The newly invigorated Australian Council of Trade Unions is demanding a $45 a week increase in the federal minimum wage, an increase of 6.7 per cent, which has shocked and appalled the employer groups and the Turnbull government.



If I was on the minimum wage, however, I wouldn't start spending the increase yet. It's all a bit ritualistic, with the unions demanding far more than they expect to get, while the employers cry poor and predict huge job losses should anything more than the tiniest increase be imposed on them by the Fair Work Commission.

http://www.smh.com.au/business/the-economy/the-oligopsony-model-what-it-is-and-why-it-explains-australias-situation-20170331-gvaowi.html
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