The paper "Fair Work Commission and Australia Economy" is a perfect example of an assignment on macro and microeconomics. In every country and industrial setup, there are organizations that have been set up and that have been designed to ensure that they look into matters pertaining to how various organizations situated in a certain geographical region treat their workers. Most times, these organizations operate as NGOs. They get their mandate, their role, and their supremacy either from the government or through special tribunal formations. A good example of such a commission in Australia is the Fair work Commission (FWC).
This paper shows the role of the FWC plays in ensuring that the labor market in Australia is regulated. Fair work commission Fair work commission (FWC) is a labor regulatory body in Australia (Australia government website, 2013). This body is charged with the capacity of ensuring that workers in the Australian market are treated fairly and given the necessary attention and remuneration they deserve from the organizations that employ them. There are a number of roles that fall under the jurisdiction of this commission.
Some of these roles have been discussed in the following paragraphs. Minimum wages and conditions of employment Without the setting up of policies and guidelines that will allow various organizations across the globe to set up minimum wages, most of these organizations will be inclined to exploit the workers. There are numerous ways through which exploitation occurs in these organizations. Mitchell et al (2010) state that many organizations find it easier to operate with the sole purpose of profit maximization. The concept of taking care of the employees by giving them good working conditions and facilities is not given much emphasis anymore.
However, the introduction of commissions and unions in this industry led to a revolution of these conditions. In Australia, the FWC has played a very critical role in the establishment, determination, and control of the minimum wage in the Australian market. The FWC also advocates for the establishment of favorable working conditions of the workers in the country.
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