The Fair Work Commission Decision On Penalty Rates In NSW Essay Impacts Hospitality Industry And Market Failure.

Impact on restaurant output due to penalty rate cut in NSWAccording to the decision of Fair Work Commission, the penalty rates paid to the workers engaged in retail and hospitality jobs in NSW is going to be slashed by a certain percentage. The consequent impact of such a decision on the output at the restaurants on Sunday in the locality of Sydney is shown as follows by the diagram below:
Demand
Supply 1
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