How bad are things today when even the head of the Reserve Bank of Australia agrees workers are feeling too insecure to demand wage rises.
Speaking at the Australian National University on June 19, Reserve Bank governor Philip Lowe said: 鈥淧eople value security and one way you can get a bit more security is to not demand a wage rise.鈥 Although his argument was about the impact on economic growth, it highlights the level of insecurity felt by workers today.