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AU: 2.6 million minimum and award wage earners get July 1 pay boost

From news.com.au

{video} The pay packets of more than 2.6 million Australian workers will get a boost of at least $33.10 a week from July 1, the workplace umpire has ruled in its annual wage review. The order, handed down by the Fair Work Commission on Monday, will increase award wages by 3.75 per cent. The national minimum wage will also rise by that amount, increasing by 87c to $24.10 an hour, or $915.91 a week. Commission president Justice Adam Hartcher said the bench had chosen not deliver an increase that significantly outstripped inflation – currently at 3.6 per cent – and had taken into account the 0.5 per cent increase to the ... (full story)

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  • Category: Fundamental Analysis