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A minimum wage increase delivers a maximum inflation risk

The Fair Work Commission has just added to the Reserve Bank’s inflation troubles with a large increase in the minimum wage.

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theage.com.au

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theage.com.auStai leggendo3 mesi fa

A minimum wage increase delivers a maximum inflation risk

Fair Work Commission raised minimum wage 4.75% to AU$52k/year—third-largest increase since GFC. Wage growth could hit 3.7% by December amid 4.2% inflation, forcing RBA to 4.85%, adding AU$6,000 yearly to mortgages.

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smh.com.au3 mesi fa

Fair Work Commission lifts minimum wage by 4.75 per cent

Fair Work Commission settled minimum wages at 4.75 per cent from July, between unions' 5-6 per cent and employers' 3.5-3.9 per cent. RBA/Treasury forecast 4.8-5 per cent inflation, signaling rising labor costs for tech employers in Australia.

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Timeline cronologica

martedì 2 giugno 2026·smh.com.au
Fair Work Commission lifts minimum wage by 4.75 per cent
The Fair Work Commission has raised minimum and award wages in line with inflation over the past year, falling short of the demands of unions but issuing a larger rise than…
martedì 2 giugno 2026·theage.com.au
A minimum wage increase delivers a maximum inflation risk
The Fair Work Commission has just added to the Reserve Bank’s inflation troubles with a large increase in the minimum wage.

A minimum wage increase delivers a maximum inflation risk

Fair Work Commission lifts minimum wage by 4.75 per cent

Timeline cronologica

Fair Work Commission lifts minimum wage by 4.75 per cent

A minimum wage increase delivers a maximum inflation risk

Businesses say higher wages will lead to higher prices. Be suspicious