Jennifer wrote on Mar 9
th, 2016 at 12:04am:
Andrei.Hicks wrote on Mar 8
th, 2016 at 11:05pm:
oh dear wrote on Mar 8
th, 2016 at 10:45pm:
To give one example why have the current government frozen super? call me cynical but I see a government who panders to business
I can tell you from a viewpoint of a Corporate global view on Operating Expense and cost of labour is that Australia's TCOW (Total Cost of Workforce) which is in essence a variable cost to the business is significantly higher than other countries - primarily as a result of deferred compensation schemes such as Superannuation.
The same worker we emply in the UK we need to pay deferred comp of around 2-3%, for Australia it will go up to as high as 12%.
That's an additional 12% where we just don't have to pay it elsewhere so when you look at investment into countries, Australia is very high to employ local people - unless we can bring in people from outside on temporary agreements.
So the Australian Government is correct on reviewing this because it is a cost to business and it is a cost to the country on its competitive advantage.
Do you really expect the economic illiterates on this website to understand what you have said? These left wing clueless gumps would have their hemarroids explode if they managed a thought that was related to the real world.
So let me get this right... you abhor superannuation, social security, etc.... then expect a society to fund its retirees, its ill, its insane, its unemployed etc.... from where?
From one who can't spell haemorrhoids (I was once an Army medic) you are quite adamant.. and here I was thinking you might be John Smith in disguise...
Andrei - you are always free not to trade here, and I suspect we would do far better without you and your 'global market' ... in Rome do as the Aussies do.... or eat it.
I don't see anyone holding a gun to your head to trade here, so what is it that draws your vampyre company here? ...... Shoosh.... begone.. get thee behind me..... if you can't keep up with a global market that requires that, like any business, you need to view your costings as an overall thing and not seek to imply that since you want to remain open on Sunday for the best trade or in Australia for the best trade... somehow that will 'cost' you more... you need to leave the building.
Talk about 'economic illiterates'.... some have degrees in accounting...
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