Engin Demirci

Bill Shorten risks rift with unions as election nears

Ms O’Neil, an alternate director on the board of AustralianSuper, said companies engaging in poor labour practices presented a double whammy of risk: lower investment returns and an erosion of wages now, leading to fewer retirement savings.Transport Workers Union national secretary Michael Kaine, an alternate director on TWUSuper, told The Australian Financial Review on Monday… [...]

How China has to change if it wants global trade peace

A second, tougher level of trade issues include: forced technology transfers in joint ventures when Western companies try to produce inside China’s tariff walls; counterfeit goods, which cost Western companies billions; industrial espionage; and Chinese joint ventures abroad which see technology absorbed and agreements broken.China could pass laws to outlaw some of these things. But… [...]

Low wage growth ‘not result of broken system’

Labor and unions have used the argument to claim the workplace system has broken and support calls for a return to centralised wage fixing or industry-wide bargaining.While accepting employees’ earnings have lagged productivity in the past five years, Mr Kirchner argued the long-term relationship remains intact.He said that when calculating real wage growth using producer… [...]

Why minimum wages are a fantasy

The success of Mad Men, the racy TV series about the advertising industry, contributed to the number of people wanting to get into the industry and pushed wages right down. The average annual wage of an advertising account executive is $53,000, an hourly wage a bit over $24. But the expectation is that account executives… [...]

Local investors stick with Facebook despite global storm

Asset management giants Vanguard, Fidelity and BlackRock are the social network’s three biggest investors globally.Other Australian fund managers with smaller positions in Facebook said they preferred to speak anonymously as they did not wish to seem insensitive to those affected by the horrific events in New Zealand last week.”There absolutely needs to be greater regulatory… [...]

Michael Daley is no racist, no orator either

“And I don’t want to sound xenophobic. It’s not a xenophobic thing. It’s an economic question.”How to appeal to prejudiceOne of the tricks of politics is to appeal to prejudices without altering those being demonised.Daley is no racist. He is no orator either. He was bluntly articulating one of the great preoccupations of the NSW… [...]