N@N

$3,000 public holiday hit facing thousands of Aussies: 'Costs us extra'

The article from MSN discusses the financial impact of the upcoming King's Birthday public holiday on June 10, 2024, in Australia. It highlights that around 3,000 Australians, particularly those in the hospitality and retail sectors, will face an additional cost due to penalty rates for working on this public holiday. Employees are entitled to double time and a half for hours worked, which significantly increases labor costs for businesses. This situation not only affects the workers' pay but also puts pressure on small businesses, potentially leading to higher prices for consumers or reduced hours for staff. The article also touches on the broader economic implications, suggesting that while public holidays boost spending in some sectors, they also lead to increased operational costs for many businesses.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/economy/3-000-public-holiday-hit-facing-thousands-of-aussies-costs-us-extra/ar-AA1xUvKB ]