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Is the minimum wage keeping pace with the cost of living?

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Manage episode 421861785 series 5385
Content provided by Australian Broadcasting Corporation and ABC listen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Australian Broadcasting Corporation and ABC listen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Fair Work Commission have raised the minimum and award wages by 3.75%, roughly in line with inflation.

But, despite increases above what many business groups have asked for over the last 5 years, wages have fallen in real terms.

Greg Jericho discusses how the decision on award rates get made, and what the latest increase means for workers and businesses during a cost of living crisis.

  continue reading

2652 episodes

Artwork
iconShare
 
Manage episode 421861785 series 5385
Content provided by Australian Broadcasting Corporation and ABC listen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Australian Broadcasting Corporation and ABC listen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Fair Work Commission have raised the minimum and award wages by 3.75%, roughly in line with inflation.

But, despite increases above what many business groups have asked for over the last 5 years, wages have fallen in real terms.

Greg Jericho discusses how the decision on award rates get made, and what the latest increase means for workers and businesses during a cost of living crisis.

  continue reading

2652 episodes

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