I was involved in the preparation of a letter to Prime Minister that debunked the claim that cuts to worker’s penalty rates would lead to more employment. A brief summary of the findings, plus a link to the letter, are in the link below.
Full praise to Jim Stanford and John Quiggin for their drive in this project and thanks to the other signatories to the letter – the list is a powerful one.
Read the letter and think about whether wage cuts are a good thing for the economy or not. There are a lot of smart people who don’t think so.
https://www.futurework.org.au/economists_debunk_job_creation_claims_of_penalty_rate_cut.
