Told ya you stupid bint

Retailers have announced what those on the right have predicted all along.

Retailers say Government plans to boost the minimum wage to $12 an hour would cost them $760 million, just as interest-rate rises begin to bite.

The Retailers Association said yesterday that retail confidence and consumer demand were flattening because of uncertainty about the volatility of real estate and the effect on the economy of official cash rate rises.

"We have voiced our concern to the Government that this slowdown, if left uncorrected, will ultimately come as a cost to the sector and subsequently have detrimental impact on the country’s social and economic development," the association said.

The Reserve Bank has increased the cash rate nine times since the beginning of 2004 in a bid to reel in consumer spending and put the brakes on rising house prices.

What that really means for all you simpleton lefties out there is this J O B  L O S S E S.

Having a minimum wage actually prices some folk out of the market. 

 


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