Friday, June 2, 2023

Surprise minimum wage increase could worry Reserve Bank, T-Corp chief economist Brian Redican warns

Millions of low income workers struggling with the surging cost of living will be could get some relief later this morning.

That's when the Fair Work Commission reveals it's latest decision on a a minimum wage with some economists preducting an increase of seven percent.

But with inflation still on the rise could even a small increase force another interest rate rise?

I speak with Brian Redican chief economist at T-Corp.

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