06 Mar 2019 | Archive
“The Opposition Leader’s reported call to move from a minimum wage to a so-called “living wage” – a proposal pushed by ACTU boss Sally McManus – could cost our economy more than $8.7 billion per year, and has sent a shiver down the spine of small businesses throughout Australia,” Australian Chamber of Commerce and Industry CEO, James Pearson, said today.
Responding to reported calls by Bill Shorten to move from the current minimum wage to a “living wage”, Mr Pearson said his reported remarks “will dismay the hundreds of thousands of small and family businesses who depend on the current independent minimum and award wage setting process to set the wages they pay.”
“Labor’s position seems entirely focussed on pushing up wages, without any regard for the capacity of businesses, particularly small businesses, to afford to pay, and without regard to the impact on jobs and hours. It will send a shiver down the spines of small business people throughout Australia.
“Businesses, especially small businesses are already struggling to keep people in work. They would be hit with massive additional increases in the costs of employment.
“If Australia moves to massively increase minimum wages, jobs will be lost, hours cut, and businesses will go out of business – the basic economics of employing and staying in business will change for small businesses across the country – there is nothing surer.
“Labor needs to clarify, urgently, exactly what it intends, how it would change the rules for minimum wage setting, and how much it wants to increase minimum wages.
Mr Pearson added:
The Australian Chamber speaks for over 300,000 businesses employing millions of Australians in every sector of our economy and in every part of our country.
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