The Fair Work Commission (FWC) has raised the minimum wage by 3.75 per cent in a measured bid to bring low income earners up to par with inflation.
Millions of Australians are set to receive a pay boost from next month after Fair Work Commission President Adam Hatcher announced the decision to increase the minimum wage on Monday morning.The Fair Work Commission has raised the minimum wage by 3.75 per cent in a measured bid to bring low income earners up to par with inflation.
"In determining this level of increase, a primary consideration has been the cost of living pressures that modern award reliant employees, particularly those who live in low income households, continue to experience. "We have also taken into account that modern award reliant employees will shortly receive the benefit of the stage-three tax cuts and the budget cost of living measures which are projected to increase household disposable incomes over the next 12 months," Mr Hatcher said.
Business Now host Ross Greenwood said the announcement would be a"benchmark" for future wage growth decisions.
Money Fair Commission Work Minimum Wage Tax Increase Inflation Wage Announcement
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fair Work Commission finds journalist and presenter Antoinette Lattouf was sacked by ABCJournalist and presenter Antoinette Lattouf was sacked by the ABC when she was taken off-air part way through a radio presenting stint, the Fair Work Commission has found.
Read more »
Fair Work Commission set to unveil increase to Australia’s minimum wage7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
RBA interest rates: Economists urge Fair Work Commission to be ‘sensible’ about minimum wageThe Fair Work Commission is expected to lift the minimum wage by 3.5 per cent to 4 per cent next week, but economists warn that anything more will add to inflation.
Read more »
Millions of Australians to get increased pay cheques as Fair Work Commission unveils rise to Australia’s minimum wage7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Millions of Australians to get pay rise next month after increase to minimum wageAround 2.6 million Australians will get a pay rise at the start of next month after the Fair Work Commission decided to increase the minimum wage.
Read more »
Minimum and award wages to increase by 3.75 per cent come July 1Australia's minimum wage and award wages will increase by 3.75 per cent from July 1, the Fair Work Commission has announced.
Read more »