John Howard thinks that abolishing the minimum wage would be out of step with the Australian ethos of a fair go... Instead ... he wants to cut it in the belief it would create more jobs.
The Prime Minister presumably has in mind smaller future increases in the minimum wage as the way to achieve a cut in real terms. Well, it is happening already. It fell from a peak of 60 per cent of average weekly earnings in the early 1980s to 43 per cent in 2002.
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