TURNBULL’S SUPPORT FOR CUTS TO PENALTY RATES HITS REGIONAL COMMUNITIES HARD
16 May 2017
Today’s release of data showing the devastating impact to 45 regional communities of cutting penalty rates provides yet another reason for the Prime Minister to abandon his heartless and out of touch advocacy for these cuts.
Research from the McKell Institute confirms what Labor has been arguing – that cutting the wages of workers in regional communities will rip money out of those economies, with workers losing up to a staggering $667million each year and $289million each year lost to those regions entirely.
Further, the report makes clear that slashing the income of workers will have a negative, not positive impact on job creation in these communities, reducing the amount of disposable income available to spend on local businesses.
Mr Turnbull and Mr Morrison, in announcing the Budget last week, claimed they have learnt to listen. Well it's time to listen to the more than 700,000 Australians facing a wage cut, who desperately can't afford it.
People's real income will be cut on the 1 July and Mr Turnbull and his Liberals have done nothing to stop this devastating blow to low income workers.
Despite Labor's legislation to protect penalty rates and the take home pay of workers passing the Senate, the Turnbull Government has not budged.
Labor calls on the Turnbull Government to admit that cuts to penalty rates will not create extra jobs, but will be a kick in the guts for low paid workers.
Instead of trying to defend ordinary workers form having their wages cut, Malcolm Turnbull wants to give a $65 billion tax cut to big business and a pay cut for low paid workers - Australians won't forget this, Prime Minister.