given WOW is one of Australias largest employers of unskilled labour price increases will continue. We have a union owned government who has just pushed through another large minimum wage increase, coupled with a 42% increase to younglings fresh out of school yesterday. WOW and COL will have to pass this cost on, adding to inflation, to maintain their circa 3% net margin.
Very very poor time to be pushing these union agendas during a cost of living crisis, inflation will continue. More so stagflation given the recent GRP figures.
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$33.90 |
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