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Australian Industry Group

This tag is associated with 2 posts

Australian industry groups and unions need oversight


Through the years, I have written quite a lot about trade unions. From an economic point of view, trade unions can operate like monopolists, given their ability to institute collective boycotts against businesses by calling on workers to strike. Were it not for a specific law, such activity would be illegal. To be sure, economists … Continue reading

Australia services sector contracts on consumer caution


Australia’s services sector continued to contract in December even after the central bank lowered interest rates at the start of month, a performance gauge by an industry group published Friday showed. The Australian Industry Group-Commonwealth Bank Performance of Services Index fell 3.9 points in December from a month earlier to 43.2 points–well below the 50-point … Continue reading

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