Business leaders' confidence in the economy is on the rise, boosted by the prospect of tax cuts and lower interest rates, but it is unlikely to translate into higher wages for their workforces.
But the latest survey showed a spike in confidence, with more business leaders upbeat than pessimistic about the coming year.While a majority believed trading conditions were weaker than a year ago, most now think that there will be a lift, with many expecting stronger sales that will require an increase in their total staff.
"There is good reason to believe this uplift across Australia's mid-sized organisations will positively translate into a stronger economy over the second half of 2019."Firms in Victoria are the most pessimistic while more firms in NSW expect a softer economy than an improving one over the next 12 months.
swrighteconomy Business is on the rise because Interest rates are so low! Why compare Apples with Pears ?
swrighteconomy When labour starts generating more revenue because it works more efficiently it might be worth a pay rise. Or it can rely on supply constraints.
swrighteconomy Just higher wages for them.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMP's $3.3b life insurance sale 'highly unlikely' to proceedEmbattled wealth giant AMP has suffered another blow after revealing the controversial $3.3 billion sale of its life insurance arm was unlikely to proceed
Source: smh - 🏆 6. / 80 Read more »
Stubborn workers are a major contributor to low wages growth | Sky News AustraliaEmployees who refuse to move into more productive companies are one of the major causes of record low wages growth.\n\nThe Australian reports these workers who are not changing to more dynamic firms are lowering pay increases in the nation.\n\nTreasury Deputy secretary Meghan Quinn will on Tuesday present analysis of the link between wages growth and company level productivity.\n\nAustralia's top economic advisors are urging Prime Minister Scott Morrison to introduce a series of wage-boosting reforms. Adam_Creighton Where they say workers insert “slave labour “. Adam_Creighton Have a look around the shopping centres to get an idea what caucasian Australians think about work. Almost all the people cleaning, cooking, emptying rubbish bins are Asians or Asian Aussies. Well done to them. Adam_Creighton When have they said they can't find workers? last interview I had the mongrel asked me how many years of work have I got left? I said I'm not dead. I'm 50. Employers are picky because they know they can be... 🙄 why doesn't McDonalds employ old bats like me?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
The Man I Am – Ryan JamesWe sit down with Ryan James as he reflects on how he uses his platform to give back to the rugby league community and how it has helped shape the man that he is. Full Clip 🎥 Schick ManIAM
Source: NRL - 🏆 19. / 59 Read more »
Thai leader declares end of military rule, move to 'fully democratic country'Thai Prime Minister Prayuth Chan-ocha has formally resigned as the head of the military government, saying the country would function as a normal democracy after five years of military rule
Source: SBSNews - 🏆 3. / 89 Read more »
Trump moves to end asylum protections for migrants 'taking advantage' of USA move by the Trump administration to end asylum protections for most Central American migrants will almost certainly be challenged in the courts. this is no surprise It's time, they've taken advantage of the U.S. immigration system for many years, until President Donald Trump came along. That means we have to fly in and register legally!?
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Trump moves to end asylum protections | Sky News AustraliaThe Trump administration has imposed a new rule to end asylum protections for Central American migrants.\n\nUnder the move, migrants will be banned from seeking asylum in the United States if they've traveled through another country first.\n\nPresident Donald Trump claims thousands are taking advantage of the current system, which allows them to wait in America while their request is being processed.\n\nThe interim rule takes effect immediately but is expected to face legal challenge.\n\nImage: AP He has a mandate to secure his borders and remove subversive elements , even if it means deportation.
Source: SkyNewsAust - 🏆 7. / 78 Read more »