Industrial unrest: A wages bubble would cost us jobs

OVER the last three years, businesses have put 125,000 people back to work; in jobs that have provided families with new opportunities, and entire communities with a fresh sense of value and purpose.

The economy is now moving firmly in the right direction, and unemployment looks set to fall to 8% this year, from a peak of over 15% in 2011. It is still far too high, but we’re moving in the right direction.

As the economy improves, wage pressures have reemerged. This is a good thing and a sign of a normal, healthy economy and labour market.