Wage suppression ‘Time Bomb’ costs Australians $100 billion in super savings

Summary

Wage suppression strategies and the termination of enterprise agreements could cost Australian’s $100 billion in lost retirement savings, according to a report from the Centre for Future Work. The report estimates that superannuation balances could be cut by $30,000 to $270,000 for a 40-year-old worker subjected to one of the eight wage suppression strategies, such […]

Tags: bluescope steel, Centre for Future Work, Coates Hire, Dr Jim Stanford, Qantas, retirement savings, Rio Tinto, Wage suppression