So what would a fair pay agreement (FPA) do? It would enable the parties—the unions and companies—to negotiate a set of industry standards, a decent floor that upholds pay and conditions and covers things like pay, training, qualification, and thereby it would uplift the overall capability of that whole industry. FPAs, by putting a floor on the price of labour, encourage competition on the quality of services, of product, and of innovation, instead of focusing on competition on wages and labour cost. Morale, staff retention, and skills would all be improved, and these jobs that we talk about as low-skilled would actually become sustainable careers. 