More than two million workers on minimum and award wages should get a seven per cent pay rise to keep up with the rising cost of living, the ACTU says.
Over 2.6 million workers on minimum and award wages could get a new minimum hourly rate of $22.88, if granted.Treasurer Jim Chalmers said the government would make its own submission, but wouldn't mention a specific number.
If granted, more than 2.6 million workers on minimum and award wages would be entitled to a new minimum hourly rate of $22.88, taking their annual pay to $45,337.28 from July 1.Desperate for housing, Sanin is living in a tent with her children. She's angry at 'empty promises' Unions are recommending a seven per cent pay increase for 2.6 million minimum and award wage workers.The current annual rate of inflation is 6.8 per cent, according to Australian Bureau of Statistics monthly consumer price index data released on Wednesday.
Minimum and award wage increases had no discernible impact on inflation last year, it added, noting that the biggest risk to the economy was a collapse in consumer spending power."There is no wage-price spiral in Australia. This was after the ACTU argued for a 5.5 per cent increase and the Australian Chamber of Commerce and Industry, Australian Industry Group and other employer bodies proposed an increase between 2.5 per cent and three per cent.Government set to make own submission
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