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GeneralNew laws bad for business
The survey finds nearly three times as many (34%) small businesses believe that the laws will hurt productivity compared with only 12% that believe the laws will help. "This latest survey shows that small businesses are worried about the impact of the Howard Government's IR laws on their own employees. The survey finds two in five (40%) small businesses agree that the new IR laws are not fair to many employees and that 42% believe the new laws are unfair to low-skilled employees in particular. Small businesses have traditionally been big supporters of the Howard Government, but this survey shows that many are now turning their backs on the new workplace laws. The survey results dispel the Howard Government's mantra that the new IR laws are a boon to the economy and will create vast numbers of jobs. The MYOB survey also comes after a recent report by leading economic forecaster BIS Shrapnel that says the new laws will do nothing to assist the growth of the Australian economy. According to BIS Shrapnel's Economic Outlook bulletin the Government's failure to invest in skills, training and public infrastructure is threatening to seriously constrain the future growth of the Australian economy and could lead to future interest rate raises. These independent reports show that the Federal Government's new industrial relations laws have nothing to do with helping the economy and everything to do with increasing big business profits at the expense of the job security, working conditions, wages and living standards of working families," said Ms Burrow. Media Contact: Ian Wilson, ACTU - ph 0408 513 849 Copies of the MYOB Small Business Survey are available from: Greg Smith, MYOB Australia - PH: 03 9222 9746 MOB: 0421 051 062 - E: greg.smith@myob.com
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