The Financial Review's John Kehoe says Labor's pledge to increase the minimum wage will drive up unemployment.
Opposition 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. The Australian Council of Trade Unions is advocating for a six per cent increase of the minimum wage from $719.20 to $762.20. Mr 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.
billshortenmp Death of small business
billshortenmp Fair work commission is stacked in business favour not workers
billshortenmp This will be interesting to see if you can do this for every low paid worker ... especially those who are not in cities and come from other countries under the visa scheme and paid almost nothing picking fruit and vegetables 🌽
billshortenmp Be careful what you wish for. Make it too expensive for small business, you will have staff go to Centrelink ! Be afraid,
billshortenmp Great news
billshortenmp What will decreasing corporate profits and ceo bonuses do? Or are you just talking shit to keep us workers in our place?
daveyk317 billshortenmp Getting all the LNP lackeys out of these boards will be a fulltime job.
billshortenmp Not his decision since he made the FWC independent in 2008.
billshortenmp Or the Government could lift the tax free threshold.
billshortenmp
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