Minimum wage rises to $20.33 an hour

Australia’s minimum wage will be $20.33 an hour or $772.60 a week for full-time workers (Bigstock)

The Fair Work Commission has announced a 2.5 per cent increase in the minimum wage and related award minimum wages, which will mean an extra $18.80 a week for Australia’s lowest-paid full-time workers. Source: ABC News.

This will take the minimum wage for Australia’s lowest-paid workers to $20.33 an hour, or $772.60 a week for full-time workers.

Fair Work Commission president Justice Iain Ross said this year’s economic circumstances were very different to those at the time of last year’s 1.75 per cent minimum wage increase, announced at the height of the pandemic recession.

He said there was a broad consensus among Fair Work Submissions that the “economic recovery is well underway”.

The Australian Catholic Council for Employment Relations, which has been making submissions on the minimum wage for decades on behalf of the Australian Catholic Bishops Conference, had called for a 4 per cent increase in the minimum wage and other award rates.

Its submission to the Fair Work Commission argued that existing rates “do not create an effective safety net for the low paid”.

Peak union body the ACTU had been pushing for a 3.5 per cent minimum wage rise, while many employer groups had been arguing for a smaller increase than that which the FWC delivered.

The Australian Chamber of Commerce and Industry had been arguing for a 1.1 per cent pay increase, describing a 2.5 per cent rise as “premature and irresponsible”.

FULL STORY

Fair Work Commission awards 2.5 per cent minimum wage increase (ABC News)

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