Wednesday, June 15, 2022

Business warns wage increase will fan inflation and more rate rises

The Australian Industry Group has slammed today's minimum wage increase, warning it will only fan inflation and put the Reserve Bank under even more pressure to raise interest rates.

Chief executive Innes Willox warns businesses will struggle to pass on the pay rise and that some could go to the wall.

I speak with Innes Willox on The World Today

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