Headline inflation is tipped to hit a 32-year high in the September quarter as nine in 10 firms report the nation’s skills crisis is holding them back and helping push business capacity utilisation to a record 86.3 per cent.
“They expect the floods will cause fruit and vegetable prices, for example, to be 8 per cent higher than otherwise over the next two quarters,” he said. “The big ongoing contributor to inflation increasingly will be the impact of these natural disasters and of higher electricity prices.” “The very supply-constrained environment has seen firms continue to face upward pressure on costs,” NAB group chief economist Alan Oster said, noting final product prices rose 1.4 per cent over the quarter.
Companies allowing the Chinese etc. to vicariously strip our natural resources like locusts within mere decades are hogging our local labour resources. Perpetual immigration is not the solution and trashes the environment, sustainable caps on non-renewable resource extraction are
We r NOT short of staff 🤦🏻♀️🤦🏻♀️, we r short of LOW WAGE staff… Try give your staff $40+ per hour, I believe ‘SHORTAGE’ problem can be solved very fast 🤣🤣
read: lack of 'visa dependent, highly exploitable' staff
The only real skill shortage is in the leadership talent.
The truth is there is no skills shortage, they are just really poorly run companies that no one wants to work for.