Repairing a broken workplace culture will boost productivity and deliver many of the workers needed to grow the economy, shadow treasurer Angus Taylor has declared as the Coalition struggles to explain its planned cuts in immigration.
Opposition Leader Peter Dutton used his budget reply speech last week to promise a 25 per cent reduction in permanent migration, from 185,000 to 140,000 for the first two years of a Coalition government, followed by a target of 150,000 to 160,000 over the next two years. He said much of the drop in productivity is the fault of workplaces where employers and their staff had stopped talking about ways to improve operations.Flexibility had been reduced, he said, because of the government’s overhaul of industrial relations with little emphasis on the importance of workers and bosses finding better ways to operate.
Taylor said pensioners and veterans faced “draconian” effective marginal tax rates of more than 50 per cent if they worked a few hours.Despite the introduction of the work bonus, employment of age pensioners remains quite low. Experts say that among older women, employment drops in part because they take care responsibilities either for their partner or for grandchildren.Alex Ellinghausen
Source: Financial Digest (financialdigest.net)
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