Corporate chiefs should back wage hikes - because cheating customers ain’t smart business - Sydney Morning Herald

The business community risks shooting itself in the foot by opposing wage increases.

Unless all those other costs have also risen by 5.1 per cent, the business can pass on to its customers all the extra wage cost with a price rise of much less than 5.1 per cent. How much less? Thats… [+4792 chars]

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