Decentralisation of the Labour Market (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a decentralised labour market?
What is a decentralised labour market?
Wages set at workplace level by market
When did Australia begin transitioning to enterprise bargaining?
When did Australia begin transitioning to enterprise bargaining?
1991
Which is the MOST decentralised wage determination method?
Which is the MOST decentralised wage determination method?
Individual contracts
What was Australia's national tribunal called from 1904 to 1956?
What was Australia's national tribunal called from 1904 to 1956?
Commonwealth Court of Conciliation
By what % did mining wages rise from 2005-2015?
By what % did mining wages rise from 2005-2015?
53%
How does decentralisation enhance productivity?
How does decentralisation enhance productivity?
By rewarding workers for efficiency gains
What term describes greater wage inequality under decentralisation?
What term describes greater wage inequality under decentralisation?
Wage dispersion
Which workers are most affected by wage inequality under decentralisation?
Which workers are most affected by wage inequality under decentralisation?
Low-skilled workers
How much did Suncorp agree to pay in 2023 for wage underpayments?
How much did Suncorp agree to pay in 2023 for wage underpayments?
32 million USD
What did the Govt enact in 2023 to increase employee bargaining power?
What did the Govt enact in 2023 to increase employee bargaining power?
Multi-employer bargaining