Tag: Penalty cuts

Wages

Forget Minimum Wage, What About A Maximum Wage? | ten daily

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The CEO of Dominoes Pizza gets over $38million a year (ODT)

So far the penalty rate cuts have failed to create the promised jobs boom in retail and hospitality. Apparently we need even deeper cuts before these jobs materialise. So let’s apply the same logic to the big end of town and set a CEO pay cap. If it doesn’t work, we’ll know we need even deeper cuts to CEO pay before we see really see results.

Seems only fair.

via Forget Minimum Wage, What About A Maximum Wage? | ten daily

Xmas Message

Retailers face worst Christmas in nearly a decade | afr.com

This Christmas is shaping up to be the worst for retailers since the global financial crisis as cash-strapped consumers tighten their purse strings.

Source: Retailers face worst Christmas in nearly a decade | afr.com