Roadblocks to prosperity

Discussion in 'Markets & Economies' started by mmm....shiney!, Dec 20, 2019.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Unbelievable, the government is in the dark ages. It can only think that business exists to reward workers. This is Marxism in the 21st century, and if polls about millennials are to be believed it will only get worse.

     
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Christmas drinks venues will now close after 6pm because of holiday penalty rates!

    The solution is to have legislated permitted up costs on goods and services.

    15% surcharge after 6pm for after hours. 25% on weekends. 50% on holidays. 100% on Christmas and Good Friday. All workable and affordable on a cappuccino but on a DJ's shirt or new car? I'm glad I'm out of retail!
     
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  3. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    With QLD due for a state election come Oct 2020, their hope to buy more votes from those who work industries where penalty rates are paid is quite transparent....and I suspect could be extended to other QLD public holidays in due course. Could well backfire as sammysilver has noted re venues closing early due to higher operating / wages cost.
     
  4. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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  5. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Is it a big deal?

    If it cost $20 extra per staff per hour for 6 more hours = $120 for the night

    Say a small business had 5 staff that would mean $600 in higher wage bill for Xmas eve. If $600 was a serious consideration for the business to open or close Xmas eve after 6pm that is one badly run business ie why is it even opening.

    If a business had 50 staff or more surely the profit vs wages still works out similar.
     
  6. Agnostic

    Agnostic Active Member Silver Stacker

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    being in business for a while and employing a bunch of people, i have found the biggest roadblocks to prosperity are:

    1. government - licenses/permits/registrations/fines/penalties/forms/permissions/paperwork/regulation/audit/investigation/new systems/visits/tax collection

    [anything below number 1 is much much less significant in its negative impact]

    2. employees - who are essential for growth, but unfortunately the biggest blindsides/betrayals/damages come from employee negligence, absence, theft, abandonment, solicitation of clients and sabotage
    3. actual business issues - sorting out how to provide the best products and services - which should actually be the number one priority of businesses but gets pushed down by 1 and 2.
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Anyone that spends over $3000 on a pair of shoes is probably not in the best position to comment on the state of small business in this current economic climate.

    $600 less profit. Yes it is a big deal. It's an extra impost. Just as Single Touch Payroll has been an extra impost. We had to upgrade our MYOB software to handle the weekly reporting, that comes at a cost of over $80/month. Again, that's probably chicken feed to you but at an annual cost of nearly $1000 it means we have to turnover an extra $3000 to cover the cost of just the software upgrade.

    $3000 is a big day for us so now the profits from that big day go to MYOB courtesy of the deadshits at the ATO instead of into our pocket and we have to somehow increase annual turnover by $3000 just to remain as profitable as previously in this market wide environment of declining business turnover.

    Our coping strategy is simply to cut the hours we offer staff. And the wheel turns.
     
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  8. Agnostic

    Agnostic Active Member Silver Stacker

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    Public holiday pay rates make those trading days a loss, so typically myself and my family work and cover while the general staff have the day off.
     
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  9. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    If we were talking about any given Tuesday night maybe, but in context to Christmas eve, if opening or shutting for the christmas eve is a serious consideration due to $600, the business really needs to look into other areas to increase business throughout the year.

    As an owner if the sentiment is, I dont want to pay the extra $600 that is a different issue, which I understand.
     
  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Not meaning to be rude, but you are talking out of your arse. Whatever the extra cost of paying penalty rates the money comes out of the owner’s own earnings, and for many owners, a $600 pay cut in one night would be a cruel financial blow.

    As I said, a man who spends over $3000 on a single pair of shoes would have a different life experience to a man who objects to having $600 of his own income redistributed by the State.

    Edit: I’d be interested to know what you think the average small business owner in Oz earns in a year.
     
    Last edited: Dec 20, 2019
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  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    https://theconversation.com/factche...all-business-owners-paid-50-000-or-less-91328

    For every extra $20/hour in wages we have to make an extra $40 approx. just to keep even. That’s about 3-4 extra customers per hour we have to attract based on average spend per customer in our line of business. And most retail/hospitality businesses are experiencing declining customer numbers at the moment anyway so attracting an extra 15-20 customers in a night in this economically stressed environment is very difficult. The math is probably not entirely accurate as it’s off the top of my head - but it’s based on a meal cost breakdown of 1/3 food costs, 1/3 other expenses incl labour and 1/3 profit in our circumstance.
     
    Last edited: Dec 20, 2019
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    So the upshot of this this Labor brain fart is that Woolies and Coles will now be closing at 6pm on Christmas Eve. In other states they’ll be trading their normal Xmas Eve hours whatever that is. No good blaming the business models of Woolies or Coles here when they’re open in other States but closed in Australia’s “place of darkness”.

    A fine example of the government raising artificial barriers to prosperity.
     
    Last edited: Dec 22, 2019
  13. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Im all for the public holiday even though it does not affect me i think its a good thing
     
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    One size fits all. Rule #1 of socialism.
    Should be glad the govt is there to make your business desicions since obviously they know more about all these things haha.
    Theres nothing quite as heartwarming as govt micromanaging every aspect of our lives like we are children. Really shows they care.
     
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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    And it’s a complete misunderstanding of the function of the market. Albeit deliberate.

    The ALP and its cronies think the market exists to provide jobs. That’s not it’s function, it’s role is to satisfy consumer demand. Demand for goods or services.

    As a result of the existence of the market there is a need for workers in order to satisfy consumer demand. Labor has interfered in the market process and as a consequence both consumer demand for goods and services will go unmet as well as demand for paid employment.

    In the current balance sheet recession this decision will further damage the economy. This is not a sound economic decision, it is simply a political one designed to cement the support of the union factions and the militant young leftist voters at the expense of consumers, business owners and workers.
     
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  16. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Vote #1 Labor
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Yep.

    Labor and Labor supporters: Organised crime syndicates. Outlaw motorcycle gangs. Labour market thugs. State sponsored Stormtroopers. Corrupt. Incompetent. Racist. Xenophobic. Homophobic. Biased. Parochial. Neolithic. Irrelevant.

    Vote #1 Labor o_O
     
  18. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    And yet the people still vote for them over that other c joke of a party the lnp went from the biggest win ever in QLD to the biggest wipe out as a one term failed gov

    **clap**clap ** lnp supporters
     
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Edited:

    Hey @Court Jester , I think your account has been hacked by a 12yo. So far they haven’t come up with a rational rebuttal of my argument of why the public holiday is a bad idea.
     
    Last edited: Dec 23, 2019
  20. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    My point is if Labor was doing a terrible job and the lnp such a great job Campbell Newman wouldn't have have one of the largest swings ever against him to be thrown out after one term after getting elected in a landslide and reducing Labor to 7 seats to then lost the next electuon

    F wits arse hole bosses are the reasons laws like this need to exist in the first place and idiots arguing against them only make sure more like it will follow
     

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