Share of national income going to corporate profits

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The share of national income going to corporate profits is at a record high and wages growth is stagnant, which greatly concerns the Reserve Bank. With reference to a minimum of three specific changes to industrial relations regulation advocated by employer associations (using primary sources), evaluate the implications of each change for the bargaining power of employers relative to workers and unions. Conclude the essay with a comment on Sheldon and Thornthwaite's (2020) assertion that employers associations' advocacy lacks social legitimacy and will fail to foster wages growth.

Reference no: EM132882027

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