Company profits have skyrocketed, while real wages have fallen. This is the harsh reality of the class war being pursued by Australia’s big-business rulers, as underlined by the latest Bureau of Statistics figures released on February 27.
In the last three months of last year, profits surged by a massive 20%, while wages fell by 0.5%. Over 2016, profits were up 26%, while wages grew by a mere 1%, less than the inflation rate of 1.5% — effectively a wage cut.
The recent Fair Work Commission (FWC) decision to cut penalty rates for weekends and public holidays will deliver a windfall to big retail and hospitality bosses, while slashing the wages of about 700,000 low-paid workers.
Figures released by the ACTU put the average worker in accommodation and food services on only $524 a week and those in retail on just $687. Contrast this with the average pay of $1163 for all Australian workers and you can see just how draconian FWC’s decision is.
A new scandal has erupted over the controversial $17 billion WestConnex tollway project.
The Sydney Motorway Corporation (SMC) announced it is considering two sites in inner-west Leichhardt for a “dive site” to be used for tunnelling between Haberfield and Rozelle, as part of the 33 kilometre motorway’s third stage. Residents opposed to the environmentally and socially destructive tollway are campaigning to reject both sites.
A Southern Brown Bandicoot that was found injured in the Roe 8 construction site in early February has been rehabilitated and released in Bibra Lake by local wildlife organisation Native ARC.
The young male bandicoot was hospitalised for four weeks after he was found by a Roe 8 contractor with wounds to his back and rump, eye injuries and suffering dehydration.
Marginalised communities from Native Americans to Black people to Muslims and Latino immigrants, who have suffered under successive US governments for centuries, are now up against a new aggressive and blunt attack by President Donald Trump. Aside from rolling back a slew of rights in just weeks in office, Trump has also stoked the sparks of a new resistance across identity lines with the potential to draw on diverse histories of oppression and struggle.
Amid the horrors of Syria’s multi-sided civil war, a ray of hope has broken out in the north.
Led by left-wing Kurdish forces in Rojava following a 2012 insurrection that liberated the area from the regime’s control, the Rojava Revolution aims to build a new system on the principles of women’s liberation, a multi-ethnic participatory democracy, ecology and solidarity.
US meddling in Ecuador's politics is likely to continue, especially if left-wing candidate Lenin Moreno wins the presidential election, set to enter a second round on April 2, Norwegian journalist Eirik Vold, told TeleSUR.
Below is the platform of the International Women’s Strike US. It is slightly abridged from International Women Strike USA.
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The International Women’s Strike on March 8 is an international day of action, planned and organised by women in more than 30 different countries.
The appointment of former Queensland Labor premier Anna Bligh as CEO of the Australian Bankers' Association (ABA) is a desperate public relations ploy by the Big Four Australian banks to head off a looming royal commission into their crimes and misdeeds.
It seems unlikely to succeed, given the anger in the community against the Big Four — the Commonwealth, National Australia Bank, Westpac and ANZ — and their systematic gouging of the general public.
Ecuador’s National Electoral Council (CNE) announced on February 22 that the presidential race will head to a second round after left-wing candidate Lenin Moreno came first in the February 19 election, but fell agonisingly short of the 40% needed to win a first-round victory.
Moreno, from the ruling Alianza Pais (AP) of outgoing President Rafael Correa, won 39.35% of the vote. He beat right-wing Guillermo Lasso of the opposition CREO party by more than 10 percentage points, with the ex-banker winning 28.12%.
The widespread jubilation when it was announced that Puerto Rican political prisoner Oscar Lopez Rivera would be released in May shows that liberation struggle still resonates in the Caribbean island that remains a United States colony.
With the decision by the misnamed Fair Work Commission to slash the take home pay of some of the lowest-paid workers, it is worth restating that all wealth in our society is created by workers and not capitalists.
Profits come from the difference between the value of the goods and services created by a worker and what they are paid for their work. Some of this "surplus value" is invested back into production, but the rest is siphoned off as profit.