Australia’s Lowest-Paid Workers Have Been Handed a 3.5 Per Cent Increase by the Fair Work Commisten (FWC).
The Change Will Impact One in Five Australian Workers on an Award Wage from 1 JULY.
The Commission’s Panel Delivered the Deceision in Sydney on Tuesday Moving after Assessing Subsions from the Godnment and Other Stakeholders As Part of the Annual Review Process.
Fair work commission Presentent Adam Hatcher Noted the Workforce Reliant on these Was Was “DisproPORTIONYLELELELELE” and Largely Consted of Casual and Part-Time Employees.
“We are Concerened that if this Opportunity is not taken in this Annual Wage Review, The Loss in the Real Value of Wages, Who has Occurred, will become per minimanently embeded in the mobile awards System, “He Said.
“And the National Minimum Wage and A Reduction of Living Standards for the Lowest Paid in the Community Will TheBy Be entrencred.”
The National Minimum Will Will Increase from $ 24.10 to $ 24.94 Per Hour or from $ 915.90 to $ 947.95 Per 38-Hour Week.
Univers Had Been Calling for a 4.5 Per Cent Increase, While the Australian Chamber of Commerce and Industry Suggested a Wage Incress no Greater Than 2.5 Per Center.
They Argumed a highher Figure would be at the Expective of Small to Medium Businesses.
Unions Welcome Pay RISE Amid Concerns for Small Businesses
Australian Council of Trade Unions National Secretary Sally Mcmanus SAID The Pay Packet Boost, 1 Per Cent Higher Than Infield, Wald Help Lower-Paid Worsers “Catch Up”.
“IT Makes An Enormous Direction in Terms of People’s Ability to Pay for the Basics,” MCMANUS SAID, Welcoming the Announcement.
In Response to Concepts from Small Businesses, MCMANUS Argues The Damage Wald Be Greater If Workers DIDNTETETEE HAVE DISPOSable Income to Spend.
Actu Secretary Sally McManus Welcomed the Wage Increase After Calling for a 4.5 Per Center Boost. Source: Aap / / James Ross
“The Very Worst Thing For Small Businesses is if Workers’ Wages Go Backwards, It Means They Have to Cut Back,” She Said.
“IT Might Be the Coffee, It Might Be The Sandwich, It Might Be a Beer … You Can’t Cut Out your Rent, Can’t Cut out your Bills.”
Luke Achrtstraat, CEO OF The Council of Small Business Organisations Australia, SAID BUSINESS OWNERS WALD Wear the BRUNT of the Wage Increheses.
“Toy’s Decision of a 3.5 Per Cent Increase – Who is Above the Current Rate of Inflation – Will Have Ramifications for Our Small Business Engine Room, Many of Whom Are Strunging To Make a profit on already razor-thethin margins, “He said in a statement.
“Many Owners Will Need to Personally Absorb these High Costs, Unable to Pass on Any Further Price Rieses to Consumers.”
Prime Minister Anthony Albanese Reassord Australians that the Wage Rise Should’s Drive up pricens.
“No, what it will make sure is that people will work behind where it comes to Cost of Living,” He Told Reports.
In 2024, The FWC Increased Award Wages by 3.75 Per Center, Just Below Annual Infance at 3.8 Per Cent.
