Categories: Business & Finance

Business and workers both will suffer

Recently we have seen a number of new rules replacing the existing ones which has made life of workers a little more complicated in Australia. Some of these rules are related to foreign workers on work visa and some of these rules will make a difference on everyone including local workers. And the latest sufferers are corporate foreign workers on Visa 457. There Visa will not be renewed after their current tenure will end.

In Australia where small business is looking to legislate a different maximum payment system is under a disputed situation. According to new rules declared by Australian government the low paid workers are going to suffer because they will suffer Penalty cut on Sundays and all other holidays which mean the lowest paid workers and their families are going to have 25% lesser money to spend from coming July.

Most of the sufferers will be students or part time/full time hospitality workers for whom penalty rates are not extra income in any way but they rely on this income to pay their bills for homes, electricity and fees.

As matter of fact, any change in existing conditions add to woes and increase uncertainties to the business and counties like Australia suffer more than any other due limited workforce available here. But the present changes are inevitable as the government under the present ruling party is looking for see changes since it’s under tremendous pressure from different quarters.

Related Post

We are not yet sure how the smaller business would survive if the present workforce decides to quit so either the business owners would pay as before or have to shut down. Most probably there will be some compromises from all the parties concerned as no one wants to shut down their business and start all over again.

As far larger business operators are concerned, according to rules they pay very little or don’t pay at all as penalty cut.

Image source https://pixabay.com/en/waiting-appointment-schedule-time-410328/




  • suny

    Recent Posts

    Heart Attack Causes and its Solution

    What is the Main Cause of a Heart Attack? What is its Solution? A heart attack is the blockage of… Read More

    10 months ago

    Understanding the Debt Ceiling: Its Impact, Importance, and Implications

    In the vast economic arena, one term that often takes center stage, inciting extensive debates and discussions, is the "debt… Read More

    1 year ago

    De-Dollarization: The New World Order of Currency and Its Global Impact

    De-Dollarization: The Changing Face of Global Finance The financial landscape is in a state of flux, with an intriguing economic… Read More

    1 year ago

    Unstoppable Bayern Munich: The Story Behind Their 11th Consecutive Bundesliga Title

    The curtains closed on a dramatic Bundesliga season with Bayern Munich standing tall once again, clinching their 11th straight title.… Read More

    1 year ago

    Celine Dion Cancels Concert Tour Due to Deteriorating Stiff-Person Syndrome

    The Unfolding Story of Celine Dion's Health In recent news that has left fans across the globe stunned, iconic singer… Read More

    1 year ago

    Navigating the Crossroads: LeBron James, Anthony Davis, and the LA Lakers’ Uncertain Future

    As the echoes of the recent NBA season start to fade, the attention of enthusiasts is firmly glued to one… Read More

    1 year ago