Penalty rates reform a priority given youth unemployment rate

The Easter long weekend has once again highlighted the adverse impact penalty rates are having on the hospitality sector, with the Courier-Mail reporting restaurants close over Easter as penalty rates see wages skyrocket. I’ve commented before on how penalty rates make it much more difficult for young people to get work and, given youth unemployment is re-emerging as an issue, particularly among those young people not studying (see chart below based on ABS data), it really is time to fix the problem.

youthunemployment

My previous posts on penalty rates and youth unemployment include:

Reduce youth unemployment through improved regulation – e.g. of penalty rates, taxis

Challenging labour market conditions for young Australians

Hospitality suffering under IR regime

(Hat tip to one of my readers who goes by the nickname “Toad” for pointing out the data I’ve used in the chart to me.)

Advertisements
This entry was posted in Labour market, Tourism and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s