One in four Australian employees – 2.6 million workers – will benefit from this year’s minimum wage increase.
The increase will raise the minimum weekly wage to $915.90 (up from $882.80). Hourly wages will increase to $24.10 (from $23.23), the Fair Work Commission said.
While jobs in the Retail, Accommodation and Food sectors fell in the year to December, jobs in the Healthcare sector rose 9.2 per cent and hours worked jumped by the same amount.
The ACTU said it was disappointed the commission did not act immediately to provide interim pay rises to workers in key feminised work, but it did welcome the commission’s acknowledgement that workers in feminised industries and occupations have been undervalued.
ACTU Secretary Sally McManus said the pay rise was a win for workers, their families, and the broader Australian economy.
“We welcome the commission again rejecting the employer groups’ argument that modest real wage rises would somehow be unaffordable or would fuel inflation.
“In the last couple of years, workers on minimum and award wages saw historic pay rises, while inflation dropped from
7.8 per cent to now 3.6 per cent. Australians are smart enough to see through the employer groups’ spin, especially when corporate profits have grown nearly three times faster than wages since the pandemic,” she said.