A waitress is seen holding a coffee at a cafe in Canberra Source: AAP
On Thursday, the Fair Work Commission handed down a much-anticipated verdict to reduce Sunday penalty rates in hospitality, retail, fast food, and pharmacies. It's a boost for small business owners who will be able to increase their profit margins. But for employees, it's effectively a pay cut. How did the Sunday penalty rate come about in the first place? Is Sunday penalty rate cut really able to lift economy? Ivan has invited Dr. Wei Li from Sydney University business school to help our audiences to look deeper inside our penalty rate system.
On Thursday, the Fair Work Commission handed down a much-anticipated verdict to reduce Sunday penalty rates in hospitality, retail, fast food, and pharmacies. It's a boost for small business owners who will be able to increase their profit margins. But for employees, it's effectively a pay cut. How did the Sunday penalty rate come about in the first place? Is Sunday penalty rate cut really able to lift economy? Ivan has invited Dr. Wei Li from Sydney University business school to help our audiences to look deeper inside our penalty rate system.
