- Outback Briefs
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Archive
🦘 Pay Rise Incoming For Aussie Workers, Cashback Apps: Too Good To Be True, McGrath’s Takeover Progresses
In a move cheered by many, the Australian government has thrown its weight behind a proposed pay rise for the nation's lowest-paid workers. Amid a cost-of-living squeeze, this decision underscores a commitment to ensuring that tax cuts don't replace real wage increases.
🦘 Wage Theft Costing Aussies Millions, CEO and CFO at The Star Step Down, Grand Prix Fever Sends Airfare Prices Soaring
A staggering revelation has hit the Australian workforce: nearly $850 million vanishes from workers' pockets each year due to wage theft. James Lea, once a bartender underpaid by $15,000, turned his frustration into action by rallying with his colleagues, recouping a collective $150,000 in lost wages.
🦘 Concerning Aussie Savings Statistics, Airlines Have To Pay On Delay, Just Cuts Goes Global
A recent survey by Finder has shone a light on a concerning trend among Australians: a significant lack of savings amidst an escalating cost of living crisis. Astonishingly, 45% of respondents, from a comprehensive survey of 3,214 individuals, reported having less than $1,000 in their bank accounts.
🦘 Godfreys Shuts Down After 93 Years, 9 Day Work Fortnight Trials Begin, Qantas In Hot Water Over Dismissals
Godfreys, the venerable vacuum cleaner retailer, is shutting its doors for the last time, marking the end of an era in Australian retail. Despite attracting interest from 55 potential buyers, the company is being wound down after administrators failed to secure a deal to keep the business alive.
🦘 Power Bills Are About To Get Cheaper, RBA Holds Steady, ACCC Going After Search Engines
The Reserve Bank of Australia (RBA) has kept interest rates glued at 4.35%, putting the brakes on after a rollercoaster of 13 hikes since May 2022. With the economy showing signs of a slowdown, the RBA is playing the waiting game, keeping everyone guessing about the next move.
🦘 Uber’s $271 Million Settlement, The 9-5 Workday Is Getting Replaced, Brisbane Olympic Game Plans Take A Turn
Uber is forking out $271 million to settle with Australian taxi drivers. The ride-sharing juggernaut, which has been accused of bulldozing into the Aussie market and wreaking havoc on traditional cabbies’ incomes, has agreed to this settlement after more than 8,000 taxi and hire car owners brought forth a class action lawsuit.
🦘 Daunting Reality For Renters, Maccas’ Systems Take A Nap, Inflation Makes An Unwelcome Return
Buckle up, renters; the road to retirement looks rocky. A sobering heads-up from the Grattan Institute and Australian National University paints a grim picture: half of retirees who rent are stuck in the poverty mud.
🦘 A Tight Budget Coming Up, Huge Potential Work From Home Boost, Is Optus Getting Offloaded?
Australia's Treasurer Jim Chalmers spills the beans: don't hold your breath for a money shower in this year’s budget. Chalmers, playing the role of the fun-police, warned against expecting a repeat of the previous years’ revenue booms, thanks to the downer duo of drooping iron ore prices and a slack labor market.
🦘 Aussies Scammed Out Of $477 Million, PwC Continues Slashing Jobs, Canva Goes From Strength To Strength
Australians lost a whopping $477 million to scammers last year, with older citizens especially feeling the pinch through social media scams. Despite a decrease in overall scam losses, with investment scams dropping by $92 million, the elder demographic recorded the highest losses, with social media platforms like Whatsapp, Facebook, and Instagram becoming hotspots for fraudulent activities.
🦘 The Booming Aussie Side Hustle Culture, Economic Threat of Climate Change, Major Bank Continues Branch Closures
In a world where the 9-to-5 grind feels increasingly outdated, GoDaddy's latest study sheds light on Australia's booming side hustle culture, revealing a land brimming with entrepreneurial spirit. A whopping 61% of Aussie entrepreneurs are juggling their startups with full-time jobs, leveraging the digital age's tools to kickstart their ventures on a shoestring budget.
🦘 Inflation Could Creep Back Up Again, Albanese Government Slashes 500 Import Tariffs, Half Of Household Income Spent on Mortgages
Get ready for a financial roller coaster, folks! While we might see a temporary dip in interest rates as we rebound from the pandemic's inflationary punches, don't get too cozy.