Are you ready for the 26th August 2024?

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.