Recently, politicians have been talking about raising minimum wages. Here are the benefits of having a higher minimum wage.
Help recover economy
Raising wages will bring back growth to the economy, as it will increase people’s purchasing power. The more money people can spend, the more money they put back to the economy and so the more the economy grows.
Reduce employment turnover
Raising minimum wage will reduce employment turnover; and so the company can benefit from cutting costs for hiring and training new employees. The company can retain skilled employees by raising wages.
Helps people to get out of debts
People are now submerged in debts due to increased prices of housing, transports and everything. Raising minimum wage will help people to come out of debt.
Saves taxpayer money
Low wage means many people have to rely on government benefits. Increasing minimum wage will make less people rely on government support. So, raising minimum wages will save the taxpayer money.
Improves economic security
Raising minimum wage will help the economy to grow. It will create a ripple effect. First, it will stimulate spending. Then, the interest rate will be lower and so people can have more access to credit and loans. Performance and returns in the financial market will increase and so, will encourage investment. This will improve economic security.
Raising the minimum wages also saves economy to fall into the deflationary trap like the Japanese economy and some of the European countries. So, raising the minimum wages is a good step for the government in improving the economic picture of the country.
There are businesses growing in many parts of Australia. But Brisbane seems to be a very good prospect for businesses. Here are the reasons why businesses should move to Brisbane.
1. Cost of living
The cost of living in Brisbane is comparatively lower than the other cities. The office space and housing prices are so low that even startups will find it within their budgets. No external fund will be needed to start business.
The transport system is very good here. It is very easy to drive around Brisbane than any other cities. The transport is affordable and nothing is very far away. Brisbane is a small city, so going from one place to another doesn’t take up too much time. So, you can have your office even outside the inner city to save up on renting cost.
There are two great technology courses at the Queensland University of Technology and University of Queensland. So, if you have business here then it will be easier for you to attract and retain young talents. These people can help your business grow. The condition in other cities is tighter as there are not so many technology universities there. So, searching talent is a real challenge.
The Brisbane City Council is working towards making Brisbane more digital, and thus creating more business opportunities. Brisbane has a lot of business prospects. It is also a great city to live in. So, businesses in other cities should think of moving here, just like darcy services did.
If you are looking for a good place to live with your family, then Brisbane is the best choice. Brisbane has the best of everything. Here’s what I’m talking about.
1. The weather
The weather of Brisbane is beautiful all round the year. The summers are hot and sunny, so your kids can spend time in parks and pools all day. The winters are mild, so you can lightly layer up your clothes and enjoy outdoors.
2. Parks and playgrounds
There are numerous awesome parks and playgrounds in Brisbane. Just walk around any neighborhood, you will find grass and shady trees; and a playground also. There are larger parks as well with BBQ facilities and toilets.
You will not find many cities that have beach that overlooks the city skyline. You can spend days at the beach with your kids without traveling to the coast. You can enjoy the sun and sand near your place in both the summer months and the winter months.
Brisbane has a lot to offer to the kids. There is the Queensland Performing Arts Centre where kids can enjoy concerts and musicals like The Lion King. There is the Science Centre which has various hands-on activities for kids so that they can explore their world. There is Queensland Museum which runs kid-focused exhibitions, especially on school holidays. The State Library of Queensland has a dedicated kid’s area. The Queensland Art Gallery and Gallery of Modern Art (GOMA) has kid-centric exhibitions throughout the year.
Schools, restaurants, sports, entertainment and many other reasons also make Bribane one of the best cities to live in.