It’s not just CEOs. Almost half of Australian workers have signed contracts that restrict their ability to move jobs. New research shows the drag on the economy.
Australians handcuffed to their employers by contracts that stop them finding a better job are losing $500 a year, new research shows amid fears that childcare, GP clinics, aged care homes and dentist practices will be the next competition battlegrounds.
Increased protectionist policies, including the plans for incoming US president Donald Trump to impose tariffs of between 10 and 20 per cent on the goods of all countries exporting to America, have also added to fears the world economy will endure softer growth over coming years.half of all Australian workersNon-compete clauses are just one of a range of growing restrictions being imposed on staff by their employers.
Leigh will reveal that the taskforce, with the Australian Competition and Consumer Commission , is already looking at “competition hotspots” where further mergers posed the greatest risk to competition. The government’s new merger laws would enable the treasurer to designate an industry for greater scrutiny by the ACCC.
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