Employers back 3.5pc increase in minimum wage amid inflation warning
Employers in Australia have backed a 3.5% increase in the minimum wage to keep pace with inflation. The proposed increase aims to support 2.6 million workers without making the economy unsustainable.
The Australian Chamber of Commerce and Industry supports a 3.5% minimum wage increase. The Australian Restaurant and Cafe Association proposes a 3.5-4% rise as a balanced pay increase. This increase would affect 2.6 million workers. Employers warn that exceeding the consumer price index risks making the economy unsustainable. The proposed increase is intended to keep pace with inflation. A decision on the minimum wage is pending.
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