Fair Work Commission to reveal its decision on minimum wages on Wednesday
Millions of Australians are getting a pay rise this Wednesday – after Anthony Albanian demanded wages rise amid rising inflation
- Over 2.6 Million Aussies With Minimum Wage Will Find Out If Wage Will Change
- A decision of the Fair Work Commission will be announced on Wednesday
- The Albanian government has put forward the argument for an increase
- This would ensure that wages do not decline in relation to inflation
More than 2.6 million Australians with awards and minimum wages will find out how their pay package could change when the industry referee makes his annual decision.
The Fair Work Commission will broadcast the result of its assessment online at 10 a.m. AEST Wednesday.
The Albanian government has called for an increase that will ensure that wages do not decline compared to inflation, which is at 5.1 percent.
More than 2.6 million Australians receiving awards and minimum wages will find out how their pay package could change when the industrial arbitrator makes his annual decision (photo, Australian workers)
The Albanian government has called for an increase that will ensure that wages do not deteriorate compared to inflation, which stands at 5.1 percent (photo, Australian Prime Minister, Anthony Albanese)
Unions have pushed for a 5.5 percent hike, which they say will prevent a further cut in real wages for a quarter of all workers.
“We argue that minimum wages and wages must grow to ensure that premium dependent households can meet both the rising cost of living they face and their fair share of productivity growth,” the ACTU said in its statement. submission.
“Yet, according to the RBA, workers are facing inflation that is nearly twice as high as projected wage growth by the end of 2022. And it’s the low-paid who will be hit hardest.”
Last year, the national minimum wage rose 2.5 percent to $772.60 per week, or $20.33 per hour.
Last year, the national minimum wage rose 2.5 percent to $772.60 a week, or $20.33 an hour (photo, person with Australian money)
The Australian Industry Group urged the committee to limit the increase to 2.5 percent, arguing that the union’s offer “would contribute significantly to the risks of entrenched inflation and larger hikes in interest rates.”
“It would adversely affect the economy, unemployment, unemployment and sentiment, and would be a setback for many low-income households.”