equal pay

Do residential care workers deserve the big pay increase they are getting?

The recent historic pay equity deal for aged and residential care workers raises a tricky clash between quite different accounts of how the economy should work. Many people think that workers should be paid at a rate that reflects their social worth; others – mostly economists – think they are paid at their marginal product,  which I explain below.

Yeah, he's a dinosaur and all that. Yes, it's given good fodder for comics, talkback and office wags. But Alasdair Thompson has a few points in his favour. And I've got a few questions about the media coverage

You know what? Alasdair Thompson needs to figure out when to stop talking, because his array of apologies and explanations over the past 24 hours has only offended more and more people. But the man has a point. Or two.