Small Business & Startups

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Expert analysis has predicted a shocking result for Australian retailers within the first five years of Amazon entering the local market. We're talking major losses for JB Hi-Fi, Myer and Harvey Norman.

The figures are so damning that Harvey Norman may have already lost market value in part based on the analysis, with Gerry Harvey taking a $100 million hit to his personal wealth.

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Last month, the Fair Work Commission elected to reduce penalty rates for Australia's hospitality and retail staff. In the hospitality award, the penalty rate for full-time and part-time employees will be reduced from 175 to 150 per cent. Retail workers and those working at pharmacies will see their Sunday double time reduced to 150% of their hourly rate.

The justification among business owners is that unemployment is higher than it needs to be and high wages reduce options for businesses and consumers. However, many of the arguments employers make are not supported by the evidence.

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Microsoft's new chat-based workspace and collaboration tool, Microsoft Teams, is now available for all Office 365 users. Dubbed the digital equivalent of an open plan office, it provides the functionality of a chat client with additional features, including full Office 365 integration, enterprise-level security and a host of compatible third-party apps. Here's what you need to know.