The Forum > General Discussion > Government ruins Xmas for Australia
Government ruins Xmas for Australia
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Sheesh Songofgloin, those corporations are largely owned by the
workers, through those 1.3 trillion$ of Superannuation payments.
I own my teeny bit, I run my own super fund, no boss pays
the 9% every week for me.
You are confusing Australian workers savings and the annual savings
rate. Yup, that has gone down over time, as people became less
frugal and more spend their whole salaries. Not too many sewing
their own clothes these days, as they used to etc.
How will people learn to be frugal again? Hard times teach them.
A whole couple of generations don't know hard times, they want
everything now. Aussies have been living it up, like Americans.
Belly, I acknowledge that trade unions have a role to play, but let
me tell you what happened this morning. The local roadhouse only
opened at 8am and he's closing at 4pm. 4 days, as two public
holidays given. If he hired staff he would have to pay double time.
Add super and workers comp, its 46 bucks an hour he'd have to pay.
Its simply not worth his while, so he told his staff to stay home.
He's better off doing less business and they get 0 pay. That is
what is happening under the new rules.