Chanticleer AI jobs pain now real, tax fix for productivity gap & tobacco wars come to ASX
24 snips
Aug 1, 2025 Australia's AI landscape is undergoing significant changes, with the end of the 'phony war' prompting businesses to reconsider workforce dynamics. Illegal tobacco sales are presenting serious challenges for major retailers, impacting profitability. A proposed two-tiered tax system may offer solutions to burgeoning productivity gaps. Additionally, economic shifts are closely tied to housing trends, as the demand for larger homes continues despite calls for more urban density. The conversation is lively and filled with pressing economic insights.
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Illegal Tobacco Cripples Retailers
- Illegal tobacco trade drastically undercuts legitimate retailers, causing 50% market share loss.
- Rising violent crime and banned products flooding the illicit market worsen the problem statewide.
Tobacco Sales Plunge In Supermarkets
- Cigarette sales in supermarkets have fallen 15% annually for a decade, drastically cutting revenue.
- Retailers question the viability of continuing tobacco sales given declining demand and increasing risks.
Boost Productivity via Red Tape Cut
- Australia's productivity boost hinges on easing red tape and streamlining planning approvals.
- National coordination could accelerate housing, energy, and infrastructure projects efficiently.