“Most appalling” to blame lowest-paid workers for inflation: Tony Burke
Australia's lowest-paid workers shouldn't be blamed for inflation, the employment minister said, after the industrial umpire announced a bump to the minimum wage. The post “Most appalling” to blame...
View ArticleEconomic pressures drive Australian law firms to alternative fee models
More than half of Australian law firms have shifted to alternative fee arrangements due to economic pressures, according to a recent report by global software company Litera. The post Economic...
View ArticleChalmers rebuffs recession suggestions amid weak economic growth
Australia is not expected to fall into a recession, Treasurer Jim Chalmers has assured, even as interest rate hikes slow the economy to a crawl. The post Chalmers rebuffs recession suggestions amid...
View ArticleCanberra trumps other cities to become Australia’s online microbusiness capital
Canberra leads the way when it comes to microbusiness density, with approximately 32 online microbusinesses per 100 residents as of December 2023, rounding up from the 31.9 figure in a Venture Forward...
View ArticleSeven graphs that show Australian economic growth is “very weak”
Australia’s annual rate of economic growth – 1.1% – is the worst outside of the pandemic since the early 1990s “recession we had to have”. The post Seven graphs that show Australian economic growth is...
View ArticleBosses pocket 14% higher salaries as workers battle cost of living pressures
The survey of 1089 companies found the average fixed remuneration of a chief executive of an ASX 200 listed company was $1.37 million in 2023-24, up from $1.14 million in 2022-23. The post Bosses...
View ArticleNew procurement rules to give SMEs better access to $70 billion in government...
The rules could, in theory, allow agencies to choose more Australian, home-grown and First Nations suppliers by factoring benefits like local job creation and sustainment. The post New procurement...
View ArticleA third of Australian businesses spend nothing on innovation: ABS data
Australian business innovation has dropped six percentage points compared to the last recorded measure, according to new data from 2021-23 released by the Australian Bureau of Statistics. The post A...
View ArticleHeadline inflation grows to 4%, raising the spectre of another RBA rate hike
The upward turn suggests the Reserve Bank will have to revisit the case for an interest rate hike when it meets next in early August. The post Headline inflation grows to 4%, raising the spectre of...
View ArticleGovernment should spend 50% of contracting budget on local firms: Unions NSW
Local businesses should get preferential treatment when bidding for government contracts, NSW's peak union body will tell a parliamentary inquiry. The post Government should spend 50% of contracting...
View ArticleAustralia’s real wages are 4.8% lower than pre-pandemic levels
Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report. These are the only countries where cuts in real pay – pay...
View ArticleACCI survey finds nearly half of small businesses considered closing in past...
Almost half of small business operators have considered closing or leaving in the past twelve months, with the percentage even higher outside Australia's capital cities, according to damning new survey...
View ArticleWorkplace justice visa introduced to help migrant workers report employer...
A new short-term “workplace justice visa” will allow migrant workers to stay and work in Australia for six months while they pursue a labour claim. The post Workplace justice visa introduced to help...
View ArticleThe state topping the economic charts in Australia, again
More traditionally regarded for the quality of its wine and festivals, this state has once again been recognised as an economic powerhouse for its robust jobs market and strong building activity. The...
View ArticleAustralia’s 18-month retail recession exposed in “horror show” report
Australian businesses are enduring an "economic horror show" through a retail recession, with meaningful relief unlikely before 2025. The post Australia’s 18-month retail recession exposed in “horror...
View Article“Who will make it through?”: Small retailers fear slow winter sales will...
Small retailers say collapsing consumer spending is jeopardising their Christmas orders, making it difficult to obtain fresh stock ahead of the year's busiest shopping season. The post “Who will make...
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