The First Two Decisions of the Australian Fair Pay Commission: A Critique

Philip Lewis[1]

Table of Contents

Abstract
Background
Is there an unemployment problem?
The economics of unemployment and the minimum wage
Monopsony, anyone?
How can the system be improved?
An advocate for the jobless?
Conclusion
References

Abstract

The Australian Fair Pay Commission (AFPC) was established by the Howard government under the controversial WorkChoices legislation. It was heralded by its supporters as a major improvement on the previous system of safety-net wage cases under the Industrial Relations Commission and universally condemned by the union movement and Labor. Others questioned whether a minimum wage was needed at all or even whether it was a major impediment to labour-market adjustment. The AFPC’s first and subsequent decisions were, therefore, looked on with interest by the media, academics, politicians and vested interests. This paper provides a critique of the AFPC’s first decisions and suggests how the process of arriving at a minimum wage could be improved.