Lowest paid workers will get a $21.60 a week pay rise, from July 1
It’s good news for Australia’s lowest paid workers (roughly 2.2. million employees), as the Fair Work Commission announced that the national minimum wage will increase by 3 per cent to $19.49 per hour, which means a $21.60 a week pay rise, from July 1.
Unions had been calling for a six per cent rise, about $43 a week, while business groups were banking on a more modest increase of up to two per cent.
Commission president Justice Iain Ross said “We have decided to award a lower increase this year than that awarded last year,” With the economy performing relatively well, employment was expanding and the recent slowing in quarterly domestic product growth, he said that “We are satisfied that the level of increase we have decided upon will not lead to any adverse inflationary outcome and nor will it have any measurable negative impact on employment”
Mr Ross also added, “Such an increase will mean an improvement in real wages for those employees who are reliant on the NMW and modern award minimum wages and an improvement in their living standards.”
Overall we will see the Australian minimum wage increase from $719.20 a week to $740.80 per week from 1 July 2019.