Advertisement

Two million workers get a raise

Employers are calling on the Albanese government and industrial umpire to 'get the balance right' on minimum wages.

Employers are calling on the Albanese government and industrial umpire to 'get the balance right' on minimum wages. Photo: AAP

Around 1.86 million workers who rely on minimum pay rates will receive a weekly rise of $15.80 per week following a decision by the Fair Work Commission.

The increase represents a 2.4 per cent rise for Australia’s lowest paid workers and will take effect from July 1.

• ‘Beautiful, happy kids’: a grandmother grieves
• 
‘Let’s get going’: Hawks star up

Under the decision, minimum wage workers will be entitled to an hourly rate of $17.70 per hour, which equates to $672.70 a week for working 38 hours.

Commission president Justice Ian Ross said Australia’s prevailing economic circumstances provided an opportunity to modestly improve the living standards of low paid workers.

Justice Ross cited evidence from the Productivity Commission, which indicated the pay rise would not have a measurable impact on employment.

The increase is slightly more than half of the $30 claim argued for by the Australian Council of Trade Unions.

Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.