Minimum wage increase fails to erase post-pandemic losses
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The Australian government has recently raised the national minimum wage to 3.75% compared last years 5.75%.
Experts from Centre for Future Work say this increase will not keep up with inflation rates.
Research shows the real value of most Award wages has lagged behind inflation since 2021 and an increase of between 5% and 10% is required to keep up with current inflation.
The Wire’s contributor Jahan Rezakhanlou asked spokesperson from Centre for Future Work, Dr Fiona MacDonald, about the implications of the minimum wage increase.
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