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Analysis

Rates, wages play havoc on Wesfarmers. Can it survive the storm?

Carrie LaFrenz

Between Wesfarmers’ investor day on Tuesday and the Fair Work Commission’s retail award decision on Friday, last week was a busy one.

Wesfarmers is one of the nation’s biggest employers and its chief executive, Rob Scott, had plenty to say about productivity and the impact of a sharp rise in minimum wages, which he says will undermine investment.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/rates-wages-play-havoc-on-wesfarmers-can-it-survive-the-storm-20230602-p5ddjh