Brace for cafepocalypse

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Or should that be “barristamaggedon”, via AFR:

Small business owners are alarmed at Opposition leader Bill Shorten’s vow to increase weekend penalty rates and boost the minimum wage, arguing they are already battling higher power prices, rising rents and drought.

Labor legislating a “living wage” and increasing Sunday penalty pay in some industries would force small firms to cut the hours of casual and part-time workers because consumers would not pay more, small business owners said.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.