Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Greater superannuation contributions will mean fewer jobs

Michael McLaren

Michael is joined by Peter Strong, CEO of the Council of Small Business of Australia, who writes that the same old faces demanding superannuation contributions from workers increases from 9.5 per cent to 12.5 per cent don’t quite understand that it’s actually a pay rise as that increase is paid for by employers.

It’s money that the employer must find to include in a person’s salary package, so increasing superannuation will decrease jobs even though the worker will not see that pay rise until they retire.

Mr Strong writes, ‘Do those calling for a rise in superannuation understand that if a person doesn’t have a job they don’t pay superannuation? If superannuation is increased there will be another 250,000 people not paying superannuation because they don’t have a job. That isn’t a good outcome.’

Download this podcast here

Michael McLaren
Advertisement