Unions had demanded a 6% pay increase for those on minimum wage after war in the Middle East pushed inflation higher
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Nearly 3 million workers will receive a 4.75% pay rise, while about 100,000 of the country’s lowest paid will receive a higher 6% increase, after the Fair Work Commission handed down its annual minimum wage decision.
Announcing the 4.75% decision on Tuesday morning applicable to the roughly 2.8 million workers on award wages, the Fair Work Commission’s president, Justice Adam Hatcher, announced that the lowest ongoing wage rate for employees would climb from nearly $24.95 an hour, to $26.44 – a lift of just under 6%.
Continue reading...This article was originally published by The Guardian and written by Patrick Commins Economics editor.
Read original article on The Guardian