Wage Negotiations Could Inflate Prices of Goods and Services: Australian Productivity Commission

A bartender pours beer for his customers at a pub in Sydney, Australia, on Oct. 11, 2021. Saeed Khan/AFP via Getty Images

The Australian Productivity Commission (PC) has warned that customers across the country could bear the brunt if the federal government does not correctly handle industrial relations reforms.

In its five-year productivity inquiry report, the PC said well-crafted changes to multisector bargaining and other industrial relations reforms could facilitate cooperation between small firms and allow them to secure higher wages for employees.