Graph 1: Supply and Demand …show more content…
A position with few formal qualification requirements will be highly competitive but skilled labour is in demand as larger commercial construction projects, lasting up to 5 years, secure only a percentage of construction workers long-term work (Hunter Labour Hire, 2017). Therefore the implications of supply would be higher in a metropolitan hospitals where most construction workers would live towards the city, but the supply would be lower and the demand would be higher near rural hospitals.
The Fair Work Act (FWA) serves as a starting point to setting the minimum wage that is determined by the specific industrial instrument they are employed under; whether it be a Modern Award, Enterprise Agreement or National Minimum Wage order (Employsure, 2017) . The aim of the FWA is to reduce the amount of underpaid workers and ensure that workers are paid fairly in accordance to their