The Reserve Bank should use interest rates to push for full employment, and the government should introduce controls on energy prices to curb inflation, according to a report commissioned by the ACTU ahead of next month’s jobs summit.
The report, by the head of the Centre for Future Work Jim Stanford, proposed six big changes to Australia’s economic structures. These also included reforming the industrial relations system to give workers more clout to bargain “for their fair share of our national wealth”, a windfall tax on companies enjoying huge profits as a result of current inflation, and cancelling the planned Stage 3 tax cuts.
