On Penalty Rates – The Rogues’ Gallery

A quick couple of thoughts on the penalty rates decision. I am not a fan.
. That may sound trite, but it is a fundamental truth. When you cut wages, you cut aggregate spending power. At the macro level, the outcome will be reduced sales, which leads to reduced production, which leads to greater unemployment, which cuts aggregate spending power, and so the vicious cycle co…
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About ret56fe

Ohhh, that guy.
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