Active Thinking Topic 47 - What is a Fair Wage? => Essay sample written by AI
A FAIR WAGE IN AUSTRALIA
(written by AI)
Version 1 A fair wage is a topic of much debate and controversy in Australia. The concept of a fair wage is closely tied to the idea of a living wage, which is the minimum amount of money that a worker needs to be able to afford to live a decent standard of living. In Australia, the minimum wage is currently set at $19.84 per hour, which is higher than the national poverty line of $17.70 per hour. However, many argue that this is still not enough to provide workers with a fair and adequate standard of living. One of the main arguments for a fair wage is that it helps to reduce income inequality and poverty. By ensuring that workers are paid a wage that is sufficient to meet their basic needs, it helps to reduce the number of people living in poverty and can help to improve social mobility. It can also help to stimulate the economy by increasing consumer spending, as workers with higher incomes are more likely to spend their money on goods and services. Another argument for a fair wage is that it can help to improve workers' quality of life. By providing workers with a wage that is sufficient to meet their basic needs, it can help to reduce stress and anxiety, improve mental health, and increase overall wellbeing. It can also help to improve workers' productivity, as workers who are paid a fair wage are more likely to be motivated and engaged in their work. There are also several arguments against a fair wage. Some argue that raising the minimum wage can lead to higher unemployment, as employers may be unable to afford to pay their workers more and may be forced to lay off workers or reduce their hours. Others argue that a fair wage would lead to higher prices for goods and services, as businesses would need to pass on their increased labor costs to consumers. In conclusion, the concept of a fair wage is a complex and contentious issue in Australia. While there are compelling arguments for a fair wage, such as reducing income inequality and improving workers' quality of life, there are also valid concerns about the potential negative impacts on employment and prices. Ultimately, the determination of a fair wage must take into account a range of factors and should be based on a thorough analysis of the costs and benefits. >>>>>>>>>>>> Version 2 A fair wage in Australia is a topic of much debate and discussion. In recent years, there has been a growing movement for workers to receive a living wage, which is defined as a wage that provides the basic necessities of life for a worker and their family. This includes food, clothing, housing, healthcare, and other essentials. Currently, the minimum wage in Australia is $19.49 per hour, or $753.80 per week. This is based on the minimum wage set by the Fair Work Commission and is adjusted each year based on the cost of living. However, many argue that this wage is not sufficient to provide the basic necessities of life for workers and their families. The concept of a living wage has gained traction in recent years, with a number of organizations and companies adopting a living wage policy. For example, the ACTU (Australian Council of Trade Unions) has called for a living wage of $21.15 per hour, or $828.60 per week, based on the average cost of living for a family of four. There are several reasons why a fair wage is important for workers in Australia. Firstly, a fair wage ensures that workers can afford the basic necessities of life, such as food, housing, and healthcare. This is particularly important for workers who are unable to access social welfare benefits, such as those who are working on a casual basis or in low-paying jobs. Secondly, a fair wage can have a positive impact on the economy. Higher wages can lead to increased consumer spending, which can boost economic growth and create more jobs. This is because workers with higher incomes are more likely to spend their money on goods and services, which in turn stimulates demand and drives economic growth. Thirdly, a fair wage can improve working conditions and reduce exploitation. Employers who pay fair wages are more likely to provide safe and healthy working environments for their employees, as well as offering opportunities for training and development. This can lead to improved morale and productivity among workers, which benefits both the employer and the employee. In conclusion, a fair wage is essential for the well-being of workers in Australia. It ensures that workers can afford the basic necessities of life, stimulates economic growth, and improves working conditions. It is important for the government and employers to work together to ensure that workers receive a fair wage that provides for their basic needs. References for ‘A fair wage in Australia’
6. "Fair Work
Commission Announces Annual Minimum Wage Increase for
2019-2020." Fair Work Commission, 18 June 2019,
www.fwc.gov.au/news-and-media-releases/fair-work-commission-announces-annual-minimum-wage-increase-2019-2020
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