Fair Work Commission raises minimum wage

The Fair Work Commission (FWC) has opted to increase the national minimum wage, and modern minimum award wages, as of July.

The increase is $22 a week, moving the minimum weekly wage up to $694.90. Modern award wages will also increase by 3.3 per cent, with weekly wages rounded to the nearest 10 cents.

Ali Quaintance, national marketing & communications manager, PIAA, says, “We are going to issue information to our members on the updated award rates and what it means for them, and how it applies to industry awards. The updated tables will be released by us shortly.”

Printing Industries’ declined to comment on the amount of the rise, which came as a result of the FWC’s annual wage review.

The FWC says the increase of 59c per hour will not result in adverse employment effects, citing UK research on regular and modest increases to the minimum wage.

“The level of increase we have decided upon will not lead to inflationary pressure and is highly unlikely to have any measurable negative impact on employment. It will, however, mean an improvement in the real wages for those employees who are reliant on the national minimum wage and modern award minimum wages and an improvement in their relative living standards.”

 

 

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