Is your business ready?
We're heading back to the '70s with Labor's anti-business and anti-employment legislation.
26th August 2024 is the date for Labor's anti-business and anti-employment legislation to take effect.
Albanese/Chalmers 1.0 is Whitlam/Cairns 2.0 and has not even a smidgeon of resemblance to Hawke/Keating
The Winners
- Industrial Relations lawyers
- Big business
- Unions
- IT developers
The Losers
- Small business
- Casual employees
- Sub-contractors
My Predictions
I'll stick my neck out with the following predictions;
- Businesses will reduce their headcount
- Business Managers will automate where possible
- Many business functions will move offshore where possible
- Private investment will decline
- Foreign investment will decline
- Sovereign risk will be more of an issue as Federal and State Governments interfere with the economy
- Many businesses will close
- Inflation will rise
- Unemployment will increase
- Mortgage defaults will increase
- The AUD will collapse once mining takes a dive
Throw in the economy destroying energy policies and the brake on productivity (it hasn't been good for a while in OZ) and China's slowdown, a volatile international situation and we have a perfect storm on the horizon.
Investment in (appropriate) technology, training and marketing may allow your business to survive.
Sadly, the majority of our politicians and union leaders live in a land of privileged delusion. Most have never actually worked for a living and obviously believe that Norman Lindsay's Magic Pudding is real and an economics guideline.
Good luck.
