At the end of the day management is not stupid. Increase in wages will only incur extra costs onto the elderly. No business will just suck up the cost of increased wages. They will pass it on and it will be business as usual.
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At the end of the day management is not stupid. Increase in wages will only incur extra costs onto the elderly. No business will just suck up the cost of increased wages. They will pass it on and it will be business as usual.
someone will have to foot the bill and it would be ridiculous to think the shareholders should pay for it. I am all for everyone's wages increasing,but it always comes at a cost to either the customer or the government (The government is us as a nation). You would know where they would get the money from more than I would couta. I appreciate your input on this 😊
Until you get your property portfolio steaming along, extra money required can only be obtained by passing on some cost to private paying residents and charging extra for premium rooms, but the main factor is keeping the wages to revenue percentage down and focussing on consumable wastage.
I am not certain but isn't there a "maximum contribution" set by Director General of Health for those whose assets/income exceed the thresh-hold allowed for the residential care subsidy. So it would be up to the government to decide to pass on the extra costs to those who are not eligible for a care subsidy?
".....the DHBs, as well as by achieving higher productivity levels and lower temporary staf fing costs inits aged care business. "
Pretty sure this happens where my mother is but def haven't confirmed it, like moving nurses backwards and forwards between the various "homes' in the hospital care section.
Disappointing debut for OCA but that happened to ARV as well as TJ pointed out and the whole sector has come off the boil atp with most under the M/A's. Still way more sellers than buyers showing so will watch for a while and see if it all flushes out and we have an ARV like rerate hopefully.
And as just pointed out to me, the Auckland property mkt is going backwards atm so that along with the wage increase as an unfortunate timing for an IPO is an understatement indeed.:scared: