Minimum wage updates LIVE: Wage-price spiral a ‘total boomer fantasy’: McManus

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Minimum wage updates LIVE: Wage-price spiral a ‘total boomer fantasy’: McManus
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Jim Chalmers receives ambitious reform to-do list; former competition watchdog joins push for business to help fix housing affordability crisis. Follow updates here.

has emboldened unions to push for unsustainable pay rises, peak employer organisation the Australian Industry Group says.

Willox pointed to claims by the Manufacturing Workers Union, Financial Services Union and Electrical Trades Union “well in excess of where inflation is running” as evidence of this. “We hope that this pause that the regulator put in allows some sanity to come back in to the market. We hope so, not convinced that it will,” he said.

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