Friday, June 2, 2023

Fair Work Commission rejects fears 5.75pc minimum wage increase risks wage-price spiral

Millions of low income workers struggling with the surging cost of living are about to get some long-awaited relief -- with the Fair Work Commission has delivered a minimum wage increase of 5.7575 percent from the first of July.

The wages boost is less than unions had demanded but in making the decision, the Commission it won't cause a wages brackout and end up fuelling inflation.

Here's my analysis on The World Today


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