Retiring CEO Steven Cain says a boost to immigration policy is welcome, but there’s a missing piece of the puzzle.
, which promises to make it significantly easier for employers to hire middle-to high-paid skilled foreigners.“I think what we saw from the government was a real step forward. And we’re so much more positive a place from an immigration point of view today than we were a year ago,” he says.
“Making Australia the best place to live again is something I’d love to see happen,” Cain told Chanticleer on Friday, as he prepared to hand the reins to new chief executive Leah Weckert. Migrants need affordable housing, Cain says. They want to live in cities where public transport works, and roads are not jammed with traffic; Cain has been travelling around Coles’ support centres recently and says there’s work required to support a population of 40 million.
Of course, this is a double-edged sword for Coles. As MST Marquee retail guru Craig Woolford explains, lower inflation will translate to lower sales growth at a time when wage costs are still rising.
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