Fears wage rise will hit hiring

Original article by David Crowe
The Australian – Page: 2 : 1-Jun-16

Australian Chamber of Commerce & Industry CEO James Pearson says the $A15.80 per week increase in the minimum wage will make small businesses in particular less likely to hire additional staff. The minimum wage will increase by 2.4 per cent to $A672.70 a week, but Pearson notes that wages in the private sector rose by just 1.9 per cent in the March 2016 quarter and the annual inflation rate is 1.3 per cent. ACTU secretary Dave Oliver says the increase in the minimum wage is good but should have been higher.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, ACTU, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN BUREAU OF STATISTICS

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