Contents

• Introduction
• Body
• Conclusion
• References

Description

Wages at Australia have been growing at a fast rate for the last decade, leading to inflation and problems in policy re-drafting. It is a challenge for the Government of Australia to impinge on the process that generates changes in wage, which can control the inflation in the country as well. Until now, the wage policy operated on basic indexation point of view and past price scenario. Post the increase in inflation the policy has influence otherwise and this needs to be corrected as basis this, the wages are increasing many folds to become un-controllable. We would study below, how could a corrective measure be taken and what could control this scenario.