FULL INTERVIEW: Your Money host Peter Switzer has weighed in on Labor leader Bill Shorten's 'referendum on wages', saying it is a 'trade-off' between having a bigger pay package or a higher employment rate.
Mr Switzer says 'wages are being paid out, albeit at a lower level' highlighting that wages per person aren't going up at the level 'most people want' because of high employment rates. The latest figures indicate Australia's unemployment rate is remaining steady at 5 per cent, its lowest level since mid-2011.
YourMoneyAus peterswitzer AustralianLabor billshortenmp Raise the tax free threshold instead ...
YourMoneyAus peterswitzer AustralianLabor billshortenmp Recent minimal wage increases in multiple US states do not support this assertation.
YourMoneyAus peterswitzer AustralianLabor billshortenmp These is a long, long way between where we are now with wages and 'High Wages' that would effect employment. The RBA are arguing that the LNPs low wages polices are actually hurting economy. Auspol
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Business Brief: Boosting minimum raise 'will increase' unemployment | Sky News AustraliaThe Financial Review's John Kehoe says Labor's pledge to increase the minimum wage will drive up unemployment.\n\nOpposition leader Bill Shorten has signalled plans to overhaul wage rules if he wins the upcoming federal election, saying that he will urge the Fair Work Commission to boost the minimum wage.\n\nThe Australian Council of Trade Unions is advocating for a six per cent increase of the minimum wage from $719.20 to $762.20.\n\nMr Kehoe told Sky News that increasing the minimum wage 'by a significant amount' will make it harder for businesses to employ more people, thus increasing unemployment.\n\n\n billshortenmp And in other news billshortenmp will also leave small businesses with no other choice but to sack people due to high wages. billshortenmp Brilliant, well overdue billshortenmp
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Education and small business the focus ahead of NSW state election | Sky News AustraliaWith 11 days until polls open in New South Wales, education and small business are the focus of the election campaign. \n\nState Labor Party leader Michael Daley has pledged $7.4 billion to rebuild 204 schools across the state, if successful at the March election. \n\nMeanwhile, Premier Gladys Berejiklian has announced a package for small businesses including better insurance premiums, deals on energy bills and payroll tax cuts. \n\nIt comes as an exclusive Newspoll conducted for The Australian has revealed the Coalition and Labor are dead-locked at 50-50 two-party preferred.\n\nImage: News Corp Australia \n\n\n\n\n No-one has yet to question Photios, on why as a member of the Liberal Party, he donated thousands of dollars to Labor.
Source: SkyNewsAust - 🏆 7. / 78 Read more »