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Restaurant owners have predicted an industry bloodbath and warned of a sharp increase in menu prices as the besieged hospitality sector struggles to pay for a 4.75 per cent award wage rise on top of existing economic pressures and the Middle East war.
The Fair Work Commission has increased the national minimum wage by 6 per cent and modern award wages by 4.75 per cent from July 1, in a decision described by Employment Minister Amanda Rishworth as a “very responsible wage increase” for the country’s lowest-paid workers.
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