A study by the International Monetary Fund (IMF) on labour relations in 26 developed economies, including Australia, has confirmed that workers鈥 real wages have fallen because labour market deregulation has 鈥済one too far鈥.
The IMF researchers noted the 鈥渟tatistically significant, economically large and robust negative effect of deregulation鈥 on labour鈥檚 share of national income, with workers鈥 share of national income falling drastically from 1975 to 2015.