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Minimum Wage Rises Amid Inflation

Minimum Wage Rises Amid Inflation

Published 1 week, 1 day ago
Description

Minimum wage in Australia just got a 4.75% boost to $1,049.90 weekly — a compromise between unions pushing for 6% and employers fearing inflation — aimed at keeping workers ahead of rising costs while avoiding further price pressure. The Fair Work Commission prioritized fairness post-pandemic and made structural tweaks to the lowest pay grades. This hike, effective July 1, could ripple through the broader economy, reshaping pay expectations across jobs.

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