Ben Thompson
@bnthompson
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Aussie entrepreneur slightly obsessed with making employment easier and more valuable for everyone.
Sydney, Australia
Joined March 2009
This year alone: a 3.5% minimum wage hike, another lift in super, and compliance that keeps piling on. A rate cut might make headlines. But for businesses living pay run to pay run, it won’t move the needle. If we want SMEs to hire, innovate and grow, we need to bring down the.
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Minimum wage up. Super up. Admin up. But somehow, SMEs are expected to sprint with sandbags on. In Dynamic Business, I called out what policymakers are missing: it’s not inflation crushing small business, it’s the compounding weight of cost.
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82% of jobs government-funded? Worth debating sustainability regardless of party politics.
These figures demonstrate what those of us in business knew was happening. This is a crisis and it's been caused by over spending politicians and governments. It's not sustainable and yet as we head towards a "productivity summit" all we hear about is "tax reform". i.e - more
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Congratulations @GilmourAdam and @GilmourSpace on the launch attempt. Getting off the pad is a huge milestone 🚀🚀🚀.
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RT @GrindeOptions: Not many people realize $TSLA is essentially a holding company for many different billion dollar companies which include….
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This week said it all - survival mode is here. I told @HRLeader: “They’re hiring to survive, not to grow.”. Small businesses are being hit from all sides - minimum wage hikes, super increases, mounting compliance costs all while the RBA holds firm on rates. And when the.
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Hiring’s up in retail, construction & manufacturing but hours worked? Flat. They’re hiring to survive, not grow. Margins are crushed. Patience is thin. Some will pause. Some will fold. 📢 Time to face it: small biz is carrying too much.
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A “soft patch” is turning sharp. Turnover fell for the first time since Oct ‘24. Same week:.📈 3.5% wage rise.📈 0.5% super hike.🤷♂️ RBA held rates.
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Confidence is fragile.This hold adds more uncertainty. Without clear policy signals, we risk stalling momentum especially for younger & casual workers just starting to bounce back.
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Interesting call from the RBA today - holding rates steady.For small business owners, it’s a real letdown. Lands the same week as the 3.5% award wage hike. First pay runs hit this week. Real money, gone overnight.
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I joined @DionGuagliardo to talk work, wages, and what 2M Aussie payslips are telling us. → Gen Z isn’t lazy, they’re logical.→ Remote work is just the start.→ Wage transparency isn’t optional. 📡 Worth a listen:.
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