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Business Council of Australia New Business Council analysis shows that Australia could be $210 billion better off over the next 20 years if we speed up our shift to a digital economy. The analysis, completed by EY for the BCA’s digital economy and telecommunications working group, finds with the right approach Australia can fulfil its ambition to be a digital leader by 2030. “People want easier, more convenient ways of doing business so becoming a leading digital economy is win-win. It makes everyday life easier for consumers and it creates new jobs,” Business Council President Tim Reed said. “The slow drift away from cash and paper before COVID-19 became a stampede during the pandemic, now we’ve got to build on the momentum to make lives easier and position ourselves for the future.” ....
Business Council of Australia New Business Council research shows that workplace reforms are critical to ensuring we recover from the pandemic with good jobs and higher wages, Business Council chief executive Jennifer Westacott said. Releasing the State of enterprise bargaining in Australia report, Ms Westacott said the research revealed that the enterprise bargaining system that has historically delivered higher wages and better conditions is at its lowest level in 22 years. “The number of new private sector agreements has fallen 63 per cent compared to 2008/09. “This is a disaster for Australians because the enterprise bargaining system has made Australia better off with higher wages, more job creation and the capacity to adapt to rapid change. ....