Penalty rate cuts reduce retail jobs

Wednesday 3 July 2019

Jobs growth in the retail and hospitality sectors has more than halved since the introduction of Sunday penalty rates, a new study has revealed.

Research by the Centre for Future Work (CFW) confirms that despite being premised on the expectation of increased hours and more jobs, the cuts to Sunday penalties, phased in since July 2017, have coincided with a worsening in jobs growth.

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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.