Slapped by a five-fingered carbon tax

In theory the carbon tax won't hit Australian employment but there are four related measures which, together, will have scathing effect.

According to the Treasury models the carbon tax will not have a major impact on Australian employment. In theory they are probably right but in fact Australia is introducing around five carbon taxes at once and together they will have a profound effect on non-mining employment.

I suspect that in the minds of manufacturing, residential and office electricity consumers the effects of the five carbon taxes will roll into one, and the reaction to the experience will not be pleasant for Julia Gillard and Greg Combet.

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