Paul Howes provides 'sparkle' on the Titanic

Paul Howes has a sinking feeling about Australia's economy, and workers aren't to blame. Firms must wake up and reinvest capital in productive assets, and unions jettison excessive wage claims.

The response to the Paul Howes ‘grand compact’ speech has been predictable, with Labor and union leaders arguing that his vision of a peaceful transition to a leaner, more productive Australia is a ‘fantasy’.

Well, it’s not that. The power of Howes’ speech lies in his perceptive reading of the structural forces at work within the economy. And it really is “the economy, stupid”, as Bill Clinton might say.  

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles