Four years after being made redundant, workers in coal-fired power stations made redundant make only one half of what they used to.
- Visiting Fellow and Director – Micro heterogeneity and Macroeconomic Performance program, Crawford School of Public Policy, Australian National University
New research finds Australian industries are becoming concentrated with greater power to charge high prices. Unlike US firms, Australian firms are not required to report merger plans to authorities.
Our concerning finding is “non-compete clauses” are even more widespread in Australia than in the United States. And it’s not only among CEOs: even childcarers and yoga instructors are affected.
We have fewer workers changing jobs and fewer new firms than we used to.
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