Quote:I can see where Swag is coming from. Sadly I think there are more disadvantages than advantages to cutting penalty rates
That's the rub. There are so many burdens and impediments to running a business today. The productivity commission for some reason chooses to look at only one element. To forget about compliance costs, regulatory and statutory obligations, OH&S, Workcover, Payroll tax, ASIC, BAS and a multitude of others is to ignore a herd of elephants in the room all for the sake a mouse.
Despite the remonstrations of the leftists that pervade this board it is likely that abolition would eventually result in further employment over time. The unfortunate part is that the gradual rise comes only to the deprivation of those that are employed. Merely taking a pay cut in order to share jobs around. Governments, we hope work towards lifting the living standards of the population rather than working for their diminution.
This is a very lazy approach from the productivity commission, especially when they have nothing to say on the current state of productivity.
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Funny thing about all this is that the recent scramble for slowing wages growth is all down to a decade and a half of falling productivity. Not a word from the lazy pricks.