Unions seek 5% increase to minimum wage
The Australian Council of Trade Unions (ACTU) is seeking a 5% increase to the minimum wage, citing cost-of-living pressures. Employers have criticized the proposal, warning that it will add to inflation and put pressure on interest rates.
The Australian Council of Trade Unions (ACTU) has proposed a 5% increase to the minimum wage. The proposed increase would raise the minimum wage to $26.19 per hour. Employers have criticized the proposal, saying it will add to inflation. The Australian Chamber of Commerce and Industry (ACCI) will propose a 3.5% increase instead. The ACCI warns that a 5% increase will drive up inflation and interest rates. The Fair Work Commission will review the proposals.
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