Date: 1 July 2019
Source: The New Daily
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.
The findings come on the day that about 540,000 workers’ Sunday penalty rates are cut in the retail, hospitality, pharmacy and fast food sectors.
Using Australian Bureau of Statistics (ABS) data, CFW chief economist Dr Jim Stanford found that total employment in the retail sector – Australia’s second-largest employer with 1.3 million people – grew by 0.9 per cent a year in the two years from May 2017 to May 2019.