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As rising inequality demands reform,business is 'circling the wagons'

Business used the collapse of unions to suppress wages and oligopoly power to increase prices. Expecting it now — using AI — to fix declining productivity, rising inequality, generational anger and political polarisation is fanciful.

This story summarizes reporting from ABC News Australia. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on ABC News Australia
Alan Kohler30 Aug 2026, 07:01 pmUpdated 1h ago1 min readAsiaAustralia
As rising inequality demands reform, business is 'circling the wagons'

AustraliaAlan Kohler

Business used the collapse of unions to suppress wages and oligopoly power to increase prices. Expecting it now — using AI — to fix declining productivity, rising inequality, generational anger and political polarisation is fanciful.

This report is published with credit to ABC News Australia. The wire sent a summary; open the original for any extra context. Read on ABC News Australia

Source: ABC News Australia · Alan Kohler. Published 30 Aug 2026, 07:01 pm.

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