Tag: australian economics
-
Reducing Penalty Rates works against the Laws of Supply and Demand
Jenna Price in her article on penalty rates nails it with those fatal words… price signal. Penalty rates are a price signal. That signal signifies a scarce supply of labour. That scarcity occurs as not everyone is able or willing, regardless of what the Prime Minister says, of working weekends, public holidays, night-shift or 24…
Andrew James Whalan 