Japan supposedly was able to pursue fiscal policy effectively in the late 1970s, thanks to favorable labor-market institutions and industrial relations and an effective incomes policy
He said: "There is not a private sector incomes policy
, but it is clearly the view of the Government and clearly of benefit to the economy if increases relate to performance by individuals and companies.
The union's national officer, Mr Mick Fisher, said: "The Government has, at a stroke, created an incomes policy
under the guise of a `strengthened' pay review body, and our members quite simply will have great difficulty accepting that.
He adds that "common money means common government" and that, "there would have to be a common squeeze and a common freeze, a common prices and incomes policy
, a common use of taxation to influence the value of money, a common inflation and a common policy on unemployment.
Rejecting the stringent incomes policy
imposed by James Callaghan's Labour government, workers from many different sectors of the economy--autoworkers and nurses, truck drivers and school cleaners, rubbish collectors and gravediggers--went on strike.
He suggested that there was no need to adopt an incomes policy
or plan any growth in wages.
An incomes policy
(and this was an implicit incomes policy
) without clear government support and trade-offs could not be expected to work.
Australian Institute of Superannuation Trustees CEO, Fiona Reynolds, said Tony Abbott needed to get his facts straight and focus on what really mattered to the Australian public about super and the nation's retirement incomes policy
The Right, backed by the corporations, will be quite happy to have us continue to live under the incomes policy
that they are, de facto, determining, and which is entirely to their benefit.
A Brief History of Australian Retirement Incomes Policy
The shift to the Right is likely to continue on issues such as housing policy, where Labour will belatedly start to champion home ownership; on nationalisation, where accountability rather than public ownership will become the goal and even on incomes policy
, hitherto anathema to the Left.
Mitreva had served as Deputy Minister of Labor and Social Policy, a position she has held since August 2009, with particular responsibility for social security and incomes policy