The price of fuel is hitting Australias youth in the hip-pocket with 10% of 18-24 year-olds saying they have stopped driving to work because they simply cant afford it.
Geoff Whytcross of Talent2 says that clearly the cost of petrol is not in line with CPI or wages and that this will have a myriad of effects including how business is conducted in Australia, recruitment and town-planning.
"Satellite cities such as Parramatta in Sydney, Freemantle in Perth, and Milton in Brisbane are going to become much more vital to town-planning in the near future. Placing business-centres closer to residential areas will help to attract the best staff by reducing travel times and costs."
"Public transport will have to be improved as our cities expand, as can be seen by the major work to the bus-system started in Adelaide this week, as well as other major projects all around Australia."
"Tele-commuting will become a more common occurrence as fuel prices rise. This will allow workers to do their jobs from home, saving them transport costs and times."
"Many small business will have to look at the way they do business if fuel prices do not deflate. Charging-back fuel costs, encouraging car-pooling, or even just bight-the-bullet and raise prices."