Go offline with the Player FM app!
Is the minimum wage keeping pace with the cost of living?
Manage episode 421861785 series 5385
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.
2652 episodes
Manage episode 421861785 series 5385
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.
2652 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.