The Victorian government has announced that Easter Sunday will be declared a public holiday to provide for an increase in pay for people working that day. Sunday penalty rates are already excellent, there is no need for the government to force business owners to spend more money getting people to work when they want to work.
I can not understand why Easter Saturday has always been a public holiday.
Well done Mr Andrews, Grand Final long weekend and now this, more cost to businesses. There is an interesting piece from JP Morgan, the follwing is an extract,
To sum up: interest rates and the minimum wage are roughly double the global average, electricity costs about 50 per cent more here, and the price of gas is getting on for triple the global average. And while wages growth here is the weakest it’s been since the 1990s, the average wage level remains 70 per cent above the global mean.
Business confidence has slumped and it is generally agreed that the biggest problem in the Australian economy right now is the failure of businesses to invest.
…Although the recent Canberra circus is undoubtedly a factor, for most business people the real problem is the cost of doing business in Australia.