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Labor pushes real-wage increase for millions of workers despite inflation fears

Sydney Morning Herald - Latest News·@NickNewling·7 months ago
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The Albanese government has recommended a real-wage increase for almost 3 million workers on minimum and award wages, dismissing claims that the move would be inflationary. As Australians struggle under rising inflation and skyrocketing fuel prices, the government’s submission to the Fair Work Commission called for an “economically sustainable real wage increase” despite Treasury modelling finding the war in the Middle East could push inflation over 5 per cent. “Wages are not a key driver of the recent pressures that we’ve seen when it comes to inflation,” Workplace Relations Minister Amanda Rishworth said. “We recognise that it is a volatile environment, but of course the Fair Work Commission will consider, and have a lot of information. That is why we haven’t put a number on this but have asked [the commission] to consider an economically sustainable real wage increase.” The change would affect around 2.7 million Australians working across 121 industries including retail, health, and hospitality.…

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