Posted on August 25 2022
The jobs and skills summit primarily targets to address the challenges, faced by Australia's economy and will bring about 100 representatives from the union, community, and business sectors together.
With a record low unemployment rate, the jobs and skills summit will be the main topic while exchanging views in the next week of August 2022.
According to data of official jobs, that was released the previous week, the unemployment rate decreased to 3.5 percent in July 2022, with more jobs opportunities available than unemployed individuals to fill them in Australia.
Australia's immigration program is about to call the two-day agenda to attention prominently, with the chance of addressing key issues such as visa processing backlogs and increasing the cap for skilled immigrants adding purpose to the event.
The discussion will also focus on sustainable growing wages, followed by the subdued wage figures for the end of 2022, which report a decrease in pay packets and increase in the cost of living.
The Deputy Prime Minister Richard Marles, wants to modernize the bargaining system of Australia and is said to to be added to the agenda.
Richard Marles has stated that, "The employers acknowledge that there are real issues with the enterprise bargaining system and we need not think about how to reform it in a way that increases the productivity."
The discussions are said to cover the potential of creating jobs and its energy transition that helps in outlining the mega-trends by restructuring the jobs of the future, and Mr Marles stated that, he was confident of a compromise between businesses and unions.
"Addressing the issues is part of bringing Australia together and making it better, so that we can have a conversation since, we haven't had that in the last decade and everyone is really looking forward to next week " he said.
The opportunities to improve and boost the participation of the workforce, will also be on the agenda and the summit will analyze the keynote addresses from Danielle Wood , Grattan Institute head and economist, and Ross Garnaut, the climate expert.
The government claims to have approached hundreds of individuals at roundtables and summits before the event.
Treasurer Jim Chalmers said, "We know that we are unable to solve each problem in two days and we've never pretended that we could and the summit is the solution and a big step to the problems."
The summit is also known as a Labor election promise and its main objective is to address the economic challenges of Australia and bring together about 100 representatives from the community, business, and union sectors.
Peter Dutton , the leader of the opposition party, mentioned that he will not be attending the summit. But the National leader David Littleproud, plans to attend to guarantee regional and rural interests are represented.
As a solution to labor shortages, the opposition has been putting out their opinion on veterans and pensioners being allowed to work more, before their payments are decreased.
Mr. Marles stated that the previous coalition government had been responsible for the economic conditions and it is important to discuss on how to get wages going in the country, which has been a part of what defined the last decade under the former government.
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He also stated that there is record low wage growth, but what dominates is poor growth in productivity.
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