Interview: $95/hr to pick potatoes? The reality of Australia's labour shortage

When NAB executive Ana Marinkovic was visiting businesses in regional Australia recently, a potato farmer revealed he was paying workers $95 per hour to pick produce. It reveals the stark reality of the labour shortage, which when combined with high interest rates and inflation, have created a perfect storm of conditions for Australian small business. Ana Marinkovic, Executive General Manager, Small Business Bank at NAB, tells Sean Aylmer that 2024 is going to be even harder - and shares some advice for Australians looking to start their own small business. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.